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

Royce Global Value Trust, Inc. (NYSE:RGT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 Performance

The business has a 50-day moving average price of $11.26 and a two-hundred day moving average price of $11.42.

Royce Global Value Trust Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RGT. Captrust Financial Advisors lifted its stake in shares of Royce Global Value Trust by 13.0% in the 3rd quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock valued at $383,000 after purchasing an additional 3,800 shares during the period. Wolverine Asset Management LLC bought a new stake in Royce Global Value Trust in the third quarter valued at about $267,000. Beckerman Institutional LLC acquired a new position in Royce Global Value Trust in the third quarter valued at about $150,000. Shaker Financial Services LLC boosted its holdings in 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 buying an additional 30,899 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings 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 buying 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.