Royce Global Value Trust (NYSE:RGT) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Royce Global Value Trust, Inc. (NYSE:RGT) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Royce Global Value Trust Stock Up 0.8 %

The business’s 50 day moving average is $10.87 and its two-hundred day moving average is $11.21.

Hedge Funds Weigh In On Royce Global Value Trust

Several hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors boosted its stake in 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 purchasing an additional 3,800 shares during the period. 1776 Wealth LLC boosted its position in shares of Royce Global Value Trust by 4.4% in the fourth 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 period. Blue Bell Private Wealth Management LLC boosted its position in shares of Royce Global Value Trust by 48.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 37,127 shares of the company’s stock valued at $398,000 after acquiring an additional 12,064 shares during the period. Cornerstone Advisors LLC grew its stake 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 valued at $291,000 after acquiring an additional 25,023 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in Royce Global Value Trust by 57.7% during the 4th 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 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.