Royce Global Value Trust (NYSE:RGT) Shares Cross Above 50-Day Moving Average – What’s Next?

Royce Global Value Trust, Inc. (NYSE:RGT) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $13.40 and traded as high as $14.46. Royce Global Value Trust shares last traded at $14.38, with a volume of 11,881 shares changing hands.

Royce Global Value Trust Price Performance

The firm has a 50-day moving average of $13.40 and a 200-day moving average of $12.92.

Royce Global Value Trust Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Stockholders of record on Thursday, December 11th were issued a dividend of $0.19 per share. This represents a dividend yield of 148.0%. The ex-dividend date of this dividend was Thursday, December 11th.

Institutional Investors Weigh In On Royce Global Value Trust

Several large investors have recently bought and sold shares of the business. Cornerstone Advisors LLC grew its stake in shares of Royce Global Value Trust by 41.9% in the second quarter. Cornerstone Advisors LLC now owns 81,347 shares of the company’s stock worth $979,000 after acquiring an additional 24,023 shares during the period. Wolverine Asset Management LLC lifted its position in Royce Global Value Trust by 29.6% during the second quarter. Wolverine Asset Management LLC now owns 74,111 shares of the company’s stock valued at $892,000 after purchasing an additional 16,942 shares during the period. Shaker Financial Services LLC boosted its holdings in Royce Global Value Trust by 37.6% in the second quarter. Shaker Financial Services LLC now owns 154,766 shares of the company’s stock worth $1,862,000 after purchasing an additional 42,327 shares during the last quarter. Matisse Capital boosted its holdings in Royce Global Value Trust by 17.9% in the fourth quarter. Matisse Capital now owns 291,000 shares of the company’s stock worth $3,815,000 after purchasing an additional 44,210 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in Royce Global Value Trust by 1.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock worth $1,268,000 after purchasing an additional 1,200 shares during the period.

About Royce Global Value Trust

Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.

The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.