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

Royce Global Value Trust, Inc. (NYSE:RGT) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.21 and traded as low as $10.42. Royce Global Value Trust shares last traded at $10.49, with a volume of 40,723 shares traded.

Royce Global Value Trust Trading Down 0.3 %

The company has a 50-day moving average price of $10.88 and a two-hundred day moving average price of $11.21.

Hedge Funds Weigh In On Royce Global Value Trust

Several hedge funds have recently bought and sold shares of RGT. Almitas Capital LLC bought a new position in Royce Global Value Trust in the fourth quarter worth approximately $160,000. Cornerstone Advisors LLC lifted its holdings in shares of Royce Global Value Trust by 1,172.0% in the 4th quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock worth $291,000 after buying an additional 25,023 shares during the period. LPL Financial LLC grew its position in shares of Royce Global Value Trust by 139.4% during the 4th quarter. LPL Financial LLC now owns 27,743 shares of the company’s stock worth $297,000 after buying an additional 16,153 shares in the last quarter. 1776 Wealth LLC increased its stake in shares of Royce Global Value Trust by 4.4% during the fourth quarter. 1776 Wealth LLC now owns 30,724 shares of the company’s stock valued at $329,000 after buying an additional 1,285 shares during the period. Finally, Captrust Financial Advisors raised 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 acquiring an additional 3,800 shares in the last quarter.

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.