Royce Otc Micro (NYSE:RMT) Sets New 1-Year High – What’s Next?

Shares of Royce Otc Micro (NYSE:RMT) hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.50 and last traded at $12.4690, with a volume of 219746 shares changing hands. The stock had previously closed at $12.21.

Royce Otc Micro Price Performance

The firm’s 50-day simple moving average is $11.56 and its 200 day simple moving average is $10.75.

Institutional Trading of Royce Otc Micro

Institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. boosted its position in shares of Royce Otc Micro by 85.7% in the fourth quarter. Saba Capital Management L.P. now owns 2,614,909 shares of the financial services provider’s stock valued at $27,274,000 after acquiring an additional 1,206,828 shares during the period. Modern Wealth Management LLC boosted its stake in shares of Royce Otc Micro by 1.9% in the 2nd quarter. Modern Wealth Management LLC now owns 1,095,569 shares of the financial services provider’s stock valued at $10,134,000 after purchasing an additional 20,815 shares in the last quarter. UBS Group AG grew its stake in shares of Royce Otc Micro by 1.2% during the third quarter. UBS Group AG now owns 1,043,876 shares of the financial services provider’s stock valued at $10,846,000 after buying an additional 12,378 shares during the last quarter. LPL Financial LLC grew its position in Royce Otc Micro by 26.2% during the 4th quarter. LPL Financial LLC now owns 1,022,240 shares of the financial services provider’s stock worth $10,662,000 after acquiring an additional 212,322 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Royce Otc Micro by 4.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,002,939 shares of the financial services provider’s stock worth $10,461,000 after purchasing an additional 39,186 shares during the last quarter. Hedge funds and other institutional investors own 34.98% of the company’s stock.

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.