Royce Global Value Trust (NYSE:RGT) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.21 and traded as low as $10.42. Royce Global Value Trust shares last traded at $10.49, with a volume of 40,723 shares trading hands.

Royce Global Value Trust Stock Performance

The company has a 50-day moving average of $10.87 and a 200 day moving average of $11.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Captrust Financial Advisors lifted its position in Royce Global Value Trust by 13.0% during the third quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock valued at $383,000 after purchasing an additional 3,800 shares during the last quarter. 1776 Wealth LLC raised 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 valued at $329,000 after buying an additional 1,285 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Royce Global Value Trust by 48.1% during the 4th 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 in the last quarter. Cornerstone Advisors LLC lifted its holdings in shares of Royce Global Value Trust by 1,172.0% during the 4th quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock worth $291,000 after acquiring an additional 25,023 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its position 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 worth $389,000 after acquiring an additional 13,271 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.