Royce Global Value Trust (NYSE:RGT) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.14 and traded as low as $9.35. Royce Global Value Trust shares last traded at $9.38, with a volume of 37,366 shares.

Royce Global Value Trust Stock Performance

The firm’s 50 day moving average is $10.72 and its 200 day moving average is $11.14.

Institutional Trading of Royce Global Value Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Almitas Capital LLC purchased a new position in Royce Global Value Trust during the fourth quarter valued at $160,000. Cornerstone Advisors LLC increased its holdings in shares of 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. LPL Financial LLC raised its position in shares of Royce Global Value Trust by 139.4% in the 4th quarter. LPL Financial LLC now owns 27,743 shares of the company’s stock worth $297,000 after purchasing an additional 16,153 shares during the last quarter. 1776 Wealth LLC raised its position in shares of Royce Global Value Trust by 4.4% in the 4th quarter. 1776 Wealth LLC now owns 30,724 shares of the company’s stock worth $329,000 after purchasing an additional 1,285 shares during the last quarter. Finally, 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 in 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.