Royce Global Value Trust (NYSE:RGT) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.51 and traded as high as $11.67. Royce Global Value Trust shares last traded at $11.58, with a volume of 3,148 shares traded.

Royce Global Value Trust Trading Down 1.2 %

The business has a 50-day moving average of $11.51 and a 200-day moving average of $11.23.

Institutional Investors Weigh In On Royce Global Value Trust

Several institutional investors have recently made changes to their positions in RGT. Cetera Advisors LLC acquired a new stake in Royce Global Value Trust in the first quarter valued at approximately $171,000. Raymond James & Associates boosted its holdings in Royce Global Value Trust by 34.4% in the second quarter. Raymond James & Associates now owns 872,046 shares of the company’s stock worth $9,697,000 after purchasing an additional 223,352 shares in the last quarter. Rothschild Investment LLC acquired a new position in Royce Global Value Trust during the second quarter worth $415,000. Shaker Financial Services LLC raised its holdings in Royce Global Value Trust by 33.9% during the second quarter. Shaker Financial Services LLC now owns 20,866 shares of the company’s stock valued at $232,000 after buying an additional 5,277 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Royce Global Value Trust by 8.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 25,006 shares of the company’s stock worth $278,000 after buying an additional 2,033 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.