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

Royce Global Value Trust, Inc. (NYSE:RGT)’s share 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 Price Performance

The business has a 50-day simple moving average of $11.27 and a 200-day simple moving average of $11.42.

Royce Global Value Trust Dividend Announcement

The firm 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 Investors Weigh In On Royce Global Value Trust

Large investors have recently bought and sold shares of the stock. Raymond James & Associates boosted its stake in shares of Royce Global Value Trust by 0.9% in the 3rd quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock valued at $10,211,000 after buying an additional 8,220 shares during the period. Shaker Financial Services LLC raised its holdings in 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 acquiring an additional 30,899 shares in the last quarter. Beckerman Institutional LLC purchased a new position in Royce Global Value Trust in the third quarter worth approximately $150,000. Wolverine Asset Management LLC acquired a new position in Royce Global Value Trust during the 3rd quarter worth approximately $267,000. Finally, Captrust Financial Advisors increased its position 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 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.