Royce Global Value Trust (NYSE:RGT) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.42 and traded as low as $10.79. Royce Global Value Trust shares last traded at $10.98, with a volume of 7,371 shares trading hands.

Royce Global Value Trust Price Performance

The business has a 50-day simple moving average of $11.26 and a two-hundred day simple moving average of $11.42.

Royce Global Value Trust Announces Dividend

The company also recently announced an annual dividend, which was paid on Monday, December 23rd. Stockholders of record on Thursday, December 12th were issued a $0.47 dividend. The ex-dividend date was Thursday, December 12th.

Hedge Funds Weigh In On Royce Global Value Trust

Institutional investors have recently added to or reduced their stakes in the company. Beckerman Institutional LLC acquired a new stake in shares of Royce Global Value Trust during the third quarter worth approximately $150,000. Wolverine Asset Management LLC bought a new stake in Royce Global Value Trust during the 3rd quarter worth approximately $267,000. Captrust Financial Advisors raised its position in Royce Global Value Trust by 13.0% in the 3rd quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock valued at $383,000 after purchasing an additional 3,800 shares during the last quarter. Shaker Financial Services LLC boosted its stake in Royce Global Value Trust by 148.1% in the third quarter. Shaker Financial Services LLC now owns 51,765 shares of the company’s stock worth $600,000 after purchasing an additional 30,899 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in Royce Global Value Trust by 0.9% in the third quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock worth $10,211,000 after purchasing an additional 8,220 shares in the last quarter.

About Royce Global Value Trust

Royce Global Value Trust, Inc was a closed ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets across the globe. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small-cap and micro-cap companies.