Modern Wealth Management LLC Buys 106,092 Shares of Royce Otc Micro $RMT

Key Points

• Modern Wealth Management LLC increased its stake in Royce Otc Micro by 11.0%, acquiring an additional 106,092 shares to reach a total of 1,074,754 shares, valued at approximately $9,060,000.
• Royce Otc Micro announced a quarterly dividend of $0.18 per share, which translates to a 6.9% yield, to be paid on September 25th to shareholders of record as of September 12th.
• Shares of Royce Otc Micro opened at $10.43, remaining within a 1-year range of $7.25 to $10.45.

Modern Wealth Management LLC increased its stake in shares of Royce Otc Micro (NYSE:RMT - Free Report) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,074,754 shares of the financial services provider's stock after purchasing an additional 106,092 shares during the quarter. Modern Wealth Management LLC owned about 2.12% of Royce Otc Micro worth $9,060,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of RMT. Elequin Capital LP bought a new stake in shares of Royce Otc Micro during the first quarter valued at approximately $51,000. Eisler Capital Management Ltd. bought a new stake in Royce Otc Micro during the 1st quarter worth about $84,000. Oppenheimer & Co. Inc. bought a new stake in Royce Otc Micro during the 1st quarter worth about $124,000. Revolve Wealth Partners LLC bought a new stake in Royce Otc Micro during the 4th quarter worth about $148,000. Finally, Comprehensive Money Management Services LLC bought a new stake in Royce Otc Micro during the 4th quarter worth about $149,000. 34.98% of the stock is owned by institutional investors.

Royce Otc Micro Price Performance

Shares of NYSE:RMT opened at $10.43 on Friday. Royce Otc Micro has a 1-year low of $7.25 and a 1-year high of $10.45. The business has a 50-day moving average price of $9.77 and a two-hundred day moving average price of $8.99.

Royce Otc Micro Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend is Friday, September 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.

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