Royce Global Value Trust (NYSE:RGT) Shares Pass Above Fifty Day Moving Average – Here’s Why

Royce Global Value Trust, Inc. (NYSE:RGT)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.37 and traded as high as $14.42. Royce Global Value Trust shares last traded at $14.1950, with a volume of 14,715 shares trading hands.

Royce Global Value Trust Stock Up 0.7%

The company’s 50 day moving average price is $14.37 and its two-hundred day moving average price is $13.94.

Institutional Trading of Royce Global Value Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Matisse Capital boosted its stake in shares of Royce Global Value Trust by 17.9% during the 4th quarter. Matisse Capital now owns 291,000 shares of the company’s stock worth $3,815,000 after acquiring an additional 44,210 shares during the last quarter. Shaker Financial Services LLC increased its stake in shares of Royce Global Value Trust by 25.5% in the 4th quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock worth $2,531,000 after purchasing an additional 39,254 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of 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 in the last quarter. 1607 Capital Partners LLC bought a new position in Royce Global Value Trust in the 4th quarter worth $1,279,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Royce Global Value Trust by 34.2% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 96,580 shares of the company’s stock worth $1,266,000 after purchasing an additional 24,629 shares during the period.

Royce Global Value Trust Company Profile

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.