Royce Global Value Trust (NYSE:RGT) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.45 and traded as low as $10.70. Royce Global Value Trust shares last traded at $10.75, with a volume of 25,324 shares changing hands.

Royce Global Value Trust Stock Down 0.5 %

The stock has a 50 day moving average price of $11.38 and a 200 day moving average price of $11.45.

Royce Global Value Trust Dividend Announcement

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

Institutional Trading of Royce Global Value Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors increased its holdings in shares of Royce Global Value Trust by 13.0% in the third quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock valued at $383,000 after buying an additional 3,800 shares in the last quarter. Shaker Financial Services LLC raised its position in shares of Royce Global Value Trust by 148.1% during 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 during the period. Raymond James & Associates lifted its holdings in shares of Royce Global Value Trust by 0.9% during the third quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock valued at $10,211,000 after purchasing an additional 8,220 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Royce Global Value Trust in the 3rd quarter valued at $267,000. Finally, Beckerman Institutional LLC purchased a new position in Royce Global Value Trust in the 3rd quarter worth about $150,000.

Royce Global Value Trust Company Profile

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.