Royce Micro Capital Trust Inc. (NYSE:RMT) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.31 and last traded at $8.38, with a volume of 3303 shares trading hands. The stock had previously closed at $8.49.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new stake in Royce Micro Capital Trust in the 3rd quarter valued at approximately $102,000. Janney Montgomery Scott LLC bought a new stake in shares of Royce Micro Capital Trust during the 2nd quarter worth approximately $187,000. Jane Street Group LLC bought a new stake in shares of Royce Micro Capital Trust during the 3rd quarter worth approximately $267,000. Claraphi Advisory Network LLC raised its stake in shares of Royce Micro Capital Trust by 26.5% during the 3rd quarter. Claraphi Advisory Network LLC now owns 34,502 shares of the financial services provider’s stock worth $352,000 after purchasing an additional 7,236 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of Royce Micro Capital Trust by 12.2% during the 2nd quarter. D.A. Davidson & CO. now owns 45,499 shares of the financial services provider’s stock worth $455,000 after purchasing an additional 4,931 shares in the last quarter. Hedge funds and other institutional investors own 22.68% of the company’s stock.
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Royce Micro Capital Trust Company Profile (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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