Royce Global Value Trust (NYSE:RGT) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Royce Global Value Trust, Inc. (NYSE:RGT)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.17 and traded as high as $14.51. Royce Global Value Trust shares last traded at $14.41, with a volume of 22,758 shares trading hands.

Royce Global Value Trust Stock Performance

The business’s 50 day simple moving average is $14.17 and its two-hundred day simple moving average is $13.74.

Institutional Trading of Royce Global Value Trust

A number of institutional investors and hedge funds have recently bought and sold shares of RGT. Commonwealth Equity Services LLC boosted its holdings in shares of Royce Global Value Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock worth $155,000 after buying an additional 745 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Royce Global Value Trust by 1.2% in the third quarter. Integrated Wealth Concepts LLC now owns 97,921 shares of the company’s stock worth $1,268,000 after buying an additional 1,200 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Royce Global Value Trust by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after buying an additional 1,617 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Royce Global Value Trust in the third quarter worth approximately $27,000. Finally, Fifth Third Bancorp purchased a new position in shares of Royce Global Value Trust in the first quarter worth approximately $48,000.

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.