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

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price 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 Stock Up 0.4 %

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

Royce Global Value Trust Dividend Announcement

The company also recently declared an annual dividend, which was paid on Monday, December 23rd. Stockholders 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 Trading of Royce Global Value Trust

Hedge funds have recently added to or reduced their stakes in the stock. Beckerman Institutional LLC acquired a new stake in shares of Royce Global Value Trust during the 3rd quarter worth approximately $150,000. Shaker Financial Services LLC raised its stake in shares of Royce Global Value Trust by 33.9% during the 2nd quarter. Shaker Financial Services LLC now owns 20,866 shares of the company’s stock worth $232,000 after purchasing an additional 5,277 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Royce Global Value Trust during the 3rd quarter worth approximately $267,000. Blue Bell Private Wealth Management LLC increased its holdings in Royce Global Value Trust by 8.8% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 25,006 shares of the company’s stock worth $278,000 after acquiring an additional 2,033 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in Royce Global Value Trust by 13.0% in the 3rd quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock worth $383,000 after buying an additional 3,800 shares during the period.

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.