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

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.42 and traded as low as $10.79. Royce Global Value Trust shares last traded at $10.98, with a volume of 7,371 shares trading hands.

Royce Global Value Trust Stock Up 0.2 %

The business’s 50 day moving average is $11.27 and its 200-day moving average is $11.42.

Royce Global Value Trust Announces Dividend

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

Institutional Investors Weigh In On Royce Global Value Trust

Several institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in 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 last quarter. Wolverine Asset Management LLC acquired a new position in shares of Royce Global Value Trust during the 3rd quarter valued at about $267,000. Beckerman Institutional LLC purchased a new stake in shares of Royce Global Value Trust in the third quarter valued at about $150,000. Shaker Financial Services LLC grew its holdings in shares of Royce Global Value Trust by 148.1% in the third quarter. Shaker Financial Services LLC now owns 51,765 shares of the company’s stock valued at $600,000 after purchasing an additional 30,899 shares during the period. Finally, Raymond James & Associates increased its position in Royce Global Value Trust by 0.9% during 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 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.