Royce Global Value Trust (NYSE:RGT) Share Price Crosses Below Two Hundred 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 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 trading hands.

Royce Global Value Trust Trading Up 0.0 %

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

Royce Global Value Trust Announces Dividend

The company also recently declared an annual dividend, which was paid on Monday, December 23rd. Investors 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.

Hedge Funds Weigh In On Royce Global Value Trust

Institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors raised its stake in shares of Royce Global Value Trust by 13.0% in 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. Shaker Financial Services LLC grew its position 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 buying an additional 30,899 shares during the period. Raymond James & Associates grew its position 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 buying an additional 8,220 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Royce Global Value Trust during the 3rd quarter worth approximately $267,000. Finally, Beckerman Institutional LLC acquired a new stake in shares of Royce Global Value Trust during the 3rd quarter worth approximately $150,000.

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.