Royce Micro Capital Trust Inc. (NYSE:RMT) dropped 0.1% on Thursday . The stock traded as low as $8.10 and last traded at $8.12, approximately 3,009 shares were traded during mid-day trading. A decline of 97% from the average daily volume of 110,597 shares. The stock had previously closed at $8.13.

The firm’s fifty day simple moving average is $8.11.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend was Wednesday, June 12th.

Several institutional investors and hedge funds have recently modified their holdings of RMT. Raymond James Trust N.A. bought a new position in shares of Royce Micro Capital Trust during the second quarter worth approximately $112,000. First Trust Advisors LP increased its stake in shares of Royce Micro Capital Trust by 4.0% during the first quarter. First Trust Advisors LP now owns 56,708 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 2,207 shares during the period. Pecaut & CO. increased its stake in shares of Royce Micro Capital Trust by 2.1% during the first quarter. Pecaut & CO. now owns 91,115 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 1,907 shares during the period. Punch & Associates Investment Management Inc. increased its stake in shares of Royce Micro Capital Trust by 2.4% during the first quarter. Punch & Associates Investment Management Inc. now owns 380,401 shares of the financial services provider’s stock worth $3,169,000 after purchasing an additional 9,013 shares during the period. Finally, Shaker Financial Services LLC increased its stake in shares of Royce Micro Capital Trust by 38.8% during the first quarter. Shaker Financial Services LLC now owns 280,270 shares of the financial services provider’s stock worth $2,335,000 after purchasing an additional 78,282 shares during the period. 26.07% of the stock is currently owned by institutional investors.

About Royce Micro Capital Trust (NYSE:RMT)

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.

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