Advisors Asset Management Inc. Sells 143,676 Shares of Royce Otc Micro $RMT

Advisors Asset Management Inc. lessened its holdings in shares of Royce Otc Micro (NYSE:RMT) by 53.3% during the 2nd quarter, HoldingsChannel reports. The fund owned 125,915 shares of the financial services provider’s stock after selling 143,676 shares during the quarter. Advisors Asset Management Inc.’s holdings in Royce Otc Micro were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Elequin Capital LP purchased a new stake in shares of Royce Otc Micro in the 1st quarter worth $51,000. Eisler Capital Management Ltd. bought a new stake in Royce Otc Micro during the first quarter valued at about $84,000. Verus Capital Partners LLC bought a new stake in Royce Otc Micro during the second quarter valued at about $107,000. JFS Wealth Advisors LLC purchased a new stake in Royce Otc Micro in the second quarter worth about $129,000. Finally, Revolve Wealth Partners LLC purchased a new stake in Royce Otc Micro in the fourth quarter worth about $148,000. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Trading Up 1.6%

Shares of NYSE:RMT opened at $10.46 on Monday. The stock has a 50 day moving average of $10.32 and a 200 day moving average of $9.77. Royce Otc Micro has a 12-month low of $7.25 and a 12-month high of $10.88.

Royce Otc Micro Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 12th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, September 12th.

Insider Buying and Selling at Royce Otc Micro

In other news, insider Charles M. Royce sold 200,000 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $10.27, for a total value of $2,054,000.00. Following the completion of the sale, the insider directly owned 596,926 shares of the company’s stock, valued at $6,130,430.02. This represents a 25.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.19% of the stock is currently owned by insiders.

About Royce Otc Micro

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.