Royce Global Value Trust (NYSE:RGT) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.49 and traded as low as $10.72. Royce Global Value Trust shares last traded at $10.86, with a volume of 15,184 shares traded.

Royce Global Value Trust Price Performance

The stock has a 50-day moving average of $11.54 and a 200-day moving average of $11.48.

Royce Global Value Trust Announces Dividend

The firm 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 was Thursday, December 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Beckerman Institutional LLC bought a new position in shares of Royce Global Value Trust in the 3rd quarter valued at about $150,000. Shaker Financial Services LLC grew its holdings in Royce Global Value Trust by 33.9% during the second quarter. Shaker Financial Services LLC now owns 20,866 shares of the company’s stock worth $232,000 after purchasing an additional 5,277 shares during the period. Wolverine Asset Management LLC acquired a new position in Royce Global Value Trust during the third quarter worth approximately $267,000. Blue Bell Private Wealth Management LLC raised its stake in Royce Global Value Trust by 8.8% in the second quarter. Blue Bell Private Wealth Management LLC now owns 25,006 shares of the company’s stock valued at $278,000 after buying an additional 2,033 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of Royce Global Value Trust by 13.0% in 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 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.