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

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.35 and traded as low as $11.08. Royce Global Value Trust shares last traded at $11.24, with a volume of 3,503 shares traded.

Royce Global Value Trust Stock Performance

The business’s 50-day moving average price is $11.06 and its two-hundred day moving average price is $11.35.

Royce Global Value Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Global Value Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Beckerman Institutional LLC bought a new stake in shares of Royce Global Value Trust during the third quarter valued at about $150,000. Wolverine Asset Management LLC purchased a new position in Royce Global Value Trust during the 3rd quarter valued at about $267,000. Cornerstone Advisors LLC grew its stake in Royce Global Value Trust by 1,172.0% during the 4th quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock valued at $291,000 after acquiring an additional 25,023 shares in the last quarter. LPL Financial LLC grew its stake in shares of Royce Global Value Trust by 139.4% in the 4th quarter. LPL Financial LLC now owns 27,743 shares of the company’s stock valued at $297,000 after buying an additional 16,153 shares in the last quarter. Finally, 1776 Wealth LLC grew its stake in shares of Royce Global Value Trust by 4.4% in the 4th 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 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.