Jaffetilchin Investment Partners LLC Has $150,000 Position in Royce Micro-Cap Trust, Inc. (NYSE:RMT)

Jaffetilchin Investment Partners LLC raised its holdings in Royce Micro-Cap Trust, Inc. (NYSE:RMT) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,418 shares of the financial services provider’s stock after acquiring an additional 1,714 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Royce Micro-Cap Trust were worth $150,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RMT. Modern Wealth Management LLC acquired a new stake in shares of Royce Micro-Cap Trust in the 4th quarter valued at $10,142,000. Raymond James Financial Inc. bought a new position in Royce Micro-Cap Trust during the fourth quarter valued at about $3,469,000. LPL Financial LLC lifted its position in shares of Royce Micro-Cap Trust by 86.7% in the fourth quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider’s stock worth $5,778,000 after buying an additional 275,117 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Royce Micro-Cap Trust by 88.5% during the 4th quarter. Wolverine Asset Management LLC now owns 353,905 shares of the financial services provider’s stock worth $3,451,000 after acquiring an additional 166,180 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its holdings in shares of Royce Micro-Cap Trust by 14.4% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 432,511 shares of the financial services provider’s stock valued at $4,217,000 after acquiring an additional 54,366 shares during the last quarter. 34.98% of the stock is owned by institutional investors.

Insider Transactions at Royce Micro-Cap Trust

In other news, insider Charles M. Royce sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $9.94, for a total value of $497,000.00. Following the sale, the insider now directly owns 1,120,942 shares of the company’s stock, valued at approximately $11,142,163.48. This trade represents a 4.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 150,000 shares of company stock worth $1,489,500. 0.18% of the stock is owned by insiders.

Royce Micro-Cap Trust Price Performance

Shares of RMT stock opened at $7.83 on Friday. The stock’s 50 day simple moving average is $8.89 and its 200 day simple moving average is $9.52. Royce Micro-Cap Trust, Inc. has a twelve month low of $7.25 and a twelve month high of $10.43.

Royce Micro-Cap Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Thursday, March 13th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 9.71%. The ex-dividend date was Thursday, March 13th.

About Royce Micro-Cap Trust

Royce Micro-Cap Trust, Inc is a closed-ended equity mutual fund launched and managed Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in value stocks of companies with market capitalization of less than $500 million.