Royce Global Value Trust (NYSE:RGT) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.51 and traded as high as $11.67. Royce Global Value Trust shares last traded at $11.58, with a volume of 3,148 shares changing hands.

Royce Global Value Trust Stock Down 1.2 %

The business’s 50 day moving average is $11.51 and its 200-day moving average is $11.23.

Institutional Investors Weigh In On Royce Global Value Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC bought a new stake in Royce Global Value Trust during the 1st quarter valued at approximately $171,000. Shaker Financial Services LLC lifted its holdings in shares of Royce Global Value Trust by 33.9% during the second quarter. Shaker Financial Services LLC now owns 20,866 shares of the company’s stock worth $232,000 after buying an additional 5,277 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its holdings in shares of Royce Global Value Trust by 8.8% during the second quarter. Blue Bell Private Wealth Management LLC now owns 25,006 shares of the company’s stock worth $278,000 after buying an additional 2,033 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Royce Global Value Trust in the second quarter valued at approximately $415,000. Finally, Raymond James & Associates grew its stake in shares of Royce Global Value Trust by 34.4% in the second quarter. Raymond James & Associates now owns 872,046 shares of the company’s stock worth $9,697,000 after acquiring an additional 223,352 shares during 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.