Royce Global Value Trust (NYSE:RGT) Stock Passes Below 200-Day Moving Average – Should You Sell?

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.38 and traded as low as $10.69. Royce Global Value Trust shares last traded at $10.87, with a volume of 10,131 shares changing hands.

Royce Global Value Trust Stock Down 0.5 %

The business’s 50 day simple moving average is $11.15 and its 200-day simple moving average is $11.38.

Royce Global Value Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Global Value Trust

Several hedge funds have recently bought and sold shares of the company. Raymond James & Associates raised its holdings 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 during the period. Shaker Financial Services LLC raised its holdings 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 acquiring an additional 30,899 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Royce Global Value Trust by 57.7% during the fourth quarter. Wolverine Asset Management LLC now owns 36,265 shares of the company’s stock worth $389,000 after acquiring an additional 13,271 shares during the period. Captrust Financial Advisors raised its holdings in shares of Royce Global Value Trust by 13.0% during the third quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock worth $383,000 after acquiring an additional 3,800 shares during the period. Finally, Beckerman Institutional LLC acquired a new stake in shares of Royce Global Value Trust during the third quarter worth $150,000.

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.