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 stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.33 and traded as low as $10.75. Royce Global Value Trust shares last traded at $10.75, with a volume of 13,719 shares.

Royce Global Value Trust Stock Performance

The company has a fifty day moving average price of $10.97 and a two-hundred day moving average price of $11.33.

Institutional Trading of Royce Global Value Trust

Several institutional investors have recently added to or reduced their stakes in the stock. 1776 Wealth LLC lifted its stake in Royce Global Value Trust by 4.4% in the fourth quarter. 1776 Wealth LLC now owns 30,724 shares of the company’s stock valued at $329,000 after buying an additional 1,285 shares during the period. Captrust Financial Advisors lifted its stake in Royce Global Value Trust by 13.0% in the third quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock valued at $383,000 after buying an additional 3,800 shares during the period. Blue Bell Private Wealth Management LLC lifted its stake in Royce Global Value Trust by 48.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 37,127 shares of the company’s stock valued at $398,000 after buying an additional 12,064 shares during the period. Beckerman Institutional LLC acquired a new position in Royce Global Value Trust in the third quarter valued at approximately $150,000. Finally, Wolverine Asset Management LLC lifted its stake in Royce Global Value Trust by 57.7% in the fourth quarter. Wolverine Asset Management LLC now owns 36,265 shares of the company’s stock valued at $389,000 after buying an additional 13,271 shares during the period.

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.