JFS Wealth Advisors LLC Makes New $129,000 Investment in Royce Otc Micro $RMT

JFS Wealth Advisors LLC purchased a new position in shares of Royce Otc Micro (NYSE:RMT) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 13,896 shares of the financial services provider’s stock, valued at approximately $129,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in shares of Royce Otc Micro in the 1st quarter valued at $51,000. Eisler Capital Management Ltd. bought a new stake in shares of Royce Otc Micro in the 1st quarter valued at $84,000. Oppenheimer & Co. Inc. bought a new stake in shares of Royce Otc Micro in the 1st quarter valued at $124,000. Revolve Wealth Partners LLC bought a new stake in shares of Royce Otc Micro in the 4th quarter valued at $148,000. Finally, Diversified Trust Co increased its stake in shares of Royce Otc Micro by 15.4% in the 2nd quarter. Diversified Trust Co now owns 19,269 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 2,567 shares in the last quarter. Institutional investors own 34.98% of the company’s stock.

Royce Otc Micro Trading Down 3.4%

NYSE:RMT opened at $10.05 on Friday. The company has a fifty day moving average of $10.11 and a 200-day moving average of $9.22. Royce Otc Micro has a twelve month low of $7.25 and a twelve month high of $10.65.

Royce Otc Micro Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 12th were given a $0.18 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.72 annualized dividend and a yield of 7.2%.

Royce Otc Micro 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.