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 crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.35 and traded as low as $11.08. Royce Global Value Trust shares last traded at $11.24, with a volume of 3,503 shares traded.

Royce Global Value Trust Stock Performance

The company’s 50-day moving average is $11.06 and its 200-day moving average is $11.35.

Royce Global Value Trust Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, December 23rd. Shareholders of record on Thursday, December 12th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. 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 shares of Royce Global Value Trust in the 3rd quarter valued at $267,000. Cornerstone Advisors LLC increased its holdings in shares of Royce Global Value Trust by 1,172.0% in the 4th quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock valued at $291,000 after acquiring an additional 25,023 shares during the period. LPL Financial LLC increased its stake in Royce Global Value Trust by 139.4% in the 4th quarter. LPL Financial LLC now owns 27,743 shares of the company’s stock valued at $297,000 after buying an additional 16,153 shares during the period. Finally, 1776 Wealth LLC boosted its position in shares of Royce Global Value Trust by 4.4% during the 4th quarter. 1776 Wealth LLC now owns 30,724 shares of the company’s stock worth $329,000 after purchasing an additional 1,285 shares in 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.