Royce Global Value Trust (NYSE:RGT) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.45 and traded as low as $10.70. Royce Global Value Trust shares last traded at $10.75, with a volume of 25,324 shares trading hands.

Royce Global Value Trust Trading Down 0.5 %

The company has a fifty day moving average price of $11.38 and a 200 day moving average price of $11.45.

Royce Global Value Trust Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Royce Global Value Trust by 13.0% during the third 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. Raymond James & Associates raised its stake in Royce Global Value Trust by 0.9% during the 3rd quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock valued at $10,211,000 after acquiring an additional 8,220 shares in the last quarter. Beckerman Institutional LLC acquired a new position in Royce Global Value Trust during the 3rd quarter worth $150,000. Wolverine Asset Management LLC bought a new position in shares of Royce Global Value Trust in the third quarter worth $267,000. Finally, Shaker Financial Services LLC increased its holdings in shares of Royce Global Value Trust by 148.1% during the third quarter. Shaker Financial Services LLC now owns 51,765 shares of the company’s stock valued at $600,000 after purchasing an additional 30,899 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.