UBS Group AG Has $9.27 Million Stock Holdings in Royce Otc Micro $RMT

UBS Group AG cut its holdings in Royce Otc Micro (NYSE:RMT) by 14.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 888,800 shares of the financial services provider’s stock after selling 155,076 shares during the quarter. UBS Group AG owned about 1.69% of Royce Otc Micro worth $9,270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its position in shares of Royce Otc Micro by 4.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,002,939 shares of the financial services provider’s stock valued at $10,461,000 after purchasing an additional 39,186 shares during the period. Bank of America Corp DE grew its position in shares of Royce Otc Micro by 0.5% in the 2nd quarter. Bank of America Corp DE now owns 533,966 shares of the financial services provider’s stock valued at $4,939,000 after purchasing an additional 2,860 shares during the period. Flagship Harbor Advisors LLC grew its position in shares of Royce Otc Micro by 2.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 527,776 shares of the financial services provider’s stock valued at $5,505,000 after purchasing an additional 11,218 shares during the period. Royal Bank of Canada grew its position in shares of Royce Otc Micro by 5.2% in the 1st quarter. Royal Bank of Canada now owns 207,934 shares of the financial services provider’s stock valued at $1,753,000 after purchasing an additional 10,290 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of Royce Otc Micro by 2.3% in the 3rd quarter. Moors & Cabot Inc. now owns 115,452 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 2,629 shares during the period. 34.98% of the stock is currently owned by institutional investors and hedge funds.

Royce Otc Micro Stock Down 2.5%

RMT stock opened at $13.27 on Friday. The business has a 50-day moving average of $12.36 and a 200-day moving average of $11.47. Royce Otc Micro has a fifty-two week low of $8.56 and a fifty-two week high of $13.97.

Royce Otc Micro Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Thursday, March 12th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, March 12th.

About Royce Otc Micro

Royce Micro-Cap Trust, Inc (NYSE: RMT) is a closed-end management investment company primarily focused on micro-capitalization equity securities. The trust seeks long-term capital appreciation by investing in small U.S. companies that, due to their relatively low market values, often receive less attention from larger institutional investors.

Managed by Royce & Associates, LLC, RMT employs a fundamental, value-oriented investment strategy grounded in in-depth, bottom-up research. Portfolio managers analyze financial statements, market trends and company management to identify undervalued firms with the potential for significant growth.