Royce Global Value Trust (NYSE:RGT) Share Price Passes Below 200-Day Moving Average – Here’s Why

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 $11.46 and traded as low as $10.66. Royce Global Value Trust shares last traded at $10.72, with a volume of 8,793 shares changing hands.

Royce Global Value Trust Price Performance

The company’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $11.45.

Royce Global Value Trust Announces Dividend

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

Hedge Funds Weigh In On Royce Global Value Trust

Several institutional investors have recently bought and sold shares of the stock. 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 worth $600,000 after purchasing an additional 30,899 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Royce Global Value Trust during the third quarter worth $267,000. Beckerman Institutional LLC purchased a new stake in shares of Royce Global Value Trust in the 3rd quarter valued at $150,000. Raymond James & Associates increased 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 valued at $10,211,000 after purchasing an additional 8,220 shares in the last quarter. Finally, Captrust Financial Advisors increased its stake 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 purchasing an additional 3,800 shares in 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.