Royce Global Value Trust (NYSE:RGT) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.41 and traded as low as $11.07. Royce Global Value Trust shares last traded at $11.13, with a volume of 8,392 shares changing hands.

Royce Global Value Trust Stock Up 0.0 %

The firm’s 50-day simple moving average is $11.21 and its 200-day simple moving average is $11.41.

Royce Global Value Trust Announces Dividend

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

Institutional Trading of Royce Global Value Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Beckerman Institutional LLC bought a new position in shares of Royce Global Value Trust during the 3rd quarter worth about $150,000. Wolverine Asset Management LLC bought a new position in shares of Royce Global Value Trust during the 3rd quarter worth about $267,000. Captrust Financial Advisors lifted its holdings in shares of Royce Global Value Trust by 13.0% during the 3rd 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. Shaker Financial Services LLC lifted its holdings in shares of Royce Global Value Trust by 148.1% during the 3rd 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. Finally, Raymond James & Associates lifted its holdings in shares of Royce Global Value Trust by 0.9% during the 3rd quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock worth $10,211,000 after acquiring an additional 8,220 shares during the period.

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.