Royce Global Value Trust (NYSE:RGT) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.46 and traded as low as $10.66. Royce Global Value Trust shares last traded at $10.72, with a volume of 8,793 shares trading hands.

Royce Global Value Trust Stock Up 0.8 %

The firm’s fifty day moving average price is $11.45 and its 200 day moving average price is $11.46.

Royce Global Value Trust Dividend Announcement

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

Institutional Trading of Royce Global Value Trust

A number of hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC raised its position in 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 acquiring an additional 30,899 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Royce Global Value Trust during the 3rd quarter valued at approximately $267,000. Beckerman Institutional LLC acquired a new position in shares of Royce Global Value Trust in the 3rd quarter valued at $150,000. Raymond James & Associates boosted its holdings in Royce Global Value Trust by 0.9% during the third quarter. Raymond James & Associates now owns 880,266 shares of the company’s stock worth $10,211,000 after buying an additional 8,220 shares in the last quarter. Finally, Captrust Financial Advisors grew 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 buying an additional 3,800 shares during the period.

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.