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

Royce Global Value Trust, Inc. (NYSE:RGT) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $11.25 and traded as low as $10.64. Royce Global Value Trust shares last traded at $10.68, with a volume of 36,990 shares.

Royce Global Value Trust Stock Performance

The business has a 50 day simple moving average of $10.91 and a 200-day simple moving average of $11.24.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RGT. Almitas Capital LLC bought a new position in shares of Royce Global Value Trust during the 4th quarter valued at about $160,000. Cornerstone Advisors LLC boosted its holdings in Royce Global Value Trust by 1,172.0% during the fourth quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock worth $291,000 after buying an additional 25,023 shares in the last quarter. LPL Financial LLC grew its position in Royce Global Value Trust by 139.4% in the fourth quarter. LPL Financial LLC now owns 27,743 shares of the company’s stock worth $297,000 after buying an additional 16,153 shares during the last quarter. 1776 Wealth LLC lifted 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 acquiring an additional 1,285 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Royce Global Value Trust by 13.0% in the 3rd quarter. Captrust Financial Advisors now owns 33,049 shares of the company’s stock worth $383,000 after acquiring an additional 3,800 shares during the last quarter.

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.