Bank of America Corp DE Purchases New Stake in Royce Otc Micro $RMT
MarketBeat
Bank of America Corp DE has acquired a new stake in Royce Otc Micro (NYSE:RMT), purchasing 602,498 shares valued at approximately $8.8 million, representing 1.15% of the fund. Several other institutional investors also initiated positions, bringing total institutional ownership to nearly 35% of RMT's outstanding shares. Royce Micro-Cap Trust recently increased its quarterly dividend, offering an annualized yield of 6.8%.
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