Allspring Global Investments Holdings LLC Has $6.29 Million Stock Position in Royce Otc Micro (NYSE:RMT)

Allspring Global Investments Holdings LLC boosted its stake in Royce Otc Micro (NYSE:RMT - Free Report) by 7.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 745,898 shares of the financial services provider's stock after acquiring an additional 50,461 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.47% of Royce Otc Micro worth $6,288,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Modern Wealth Management LLC acquired a new stake in Royce Otc Micro in the 4th quarter valued at $10,142,000. Shaker Financial Services LLC grew its position in shares of Royce Otc Micro by 18.7% in the 4th quarter. Shaker Financial Services LLC now owns 734,786 shares of the financial services provider's stock valued at $7,164,000 after acquiring an additional 115,516 shares during the period. Wells Fargo & Company MN grew its position in shares of Royce Otc Micro by 3.9% in the 4th quarter. Wells Fargo & Company MN now owns 604,206 shares of the financial services provider's stock valued at $5,891,000 after acquiring an additional 22,508 shares during the period. LPL Financial LLC grew its position in shares of Royce Otc Micro by 86.7% in the 4th quarter. LPL Financial LLC now owns 592,578 shares of the financial services provider's stock valued at $5,778,000 after acquiring an additional 275,117 shares during the period. Finally, Bank of America Corp DE grew its stake in Royce Otc Micro by 4.9% in the 4th quarter. Bank of America Corp DE now owns 504,401 shares of the financial services provider's stock valued at $4,918,000 after buying an additional 23,550 shares during the last quarter. 34.98% of the stock is owned by institutional investors.

Insider Activity at Royce Otc Micro

In other news, insider Charles M. Royce sold 43,229 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $8.31, for a total value of $359,232.99. Following the completion of the transaction, the insider directly owned 798,970 shares in the company, valued at approximately $6,639,440.70. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company's stock.

Royce Otc Micro Trading Up 1.3%

Shares of NYSE:RMT traded up $0.12 during trading on Friday, reaching $9.63. 74,548 shares of the stock were exchanged, compared to its average volume of 121,237. Royce Otc Micro has a 12 month low of $7.25 and a 12 month high of $10.43. The stock has a 50-day moving average price of $8.80 and a 200-day moving average price of $9.02.

Royce Otc Micro Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 25th. Stockholders of record on Thursday, June 12th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 7.48%. The ex-dividend date was Thursday, June 12th.

Royce Otc Micro Company Profile

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.