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

Royce Global Value Trust, Inc. (NYSE:RGT) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $14.35 and traded as high as $14.85. Royce Global Value Trust shares last traded at $14.6050, with a volume of 43,773 shares.

Royce Global Value Trust Trading Down 0.4%

The stock has a 50-day moving average price of $14.35 and a 200-day moving average price of $14.10.

Institutional Investors Weigh In On Royce Global Value Trust

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new stake in shares of Royce Global Value Trust during the 1st quarter valued at $48,000. Commonwealth Equity Services LLC raised its position in Royce Global Value Trust by 6.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after purchasing an additional 745 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Royce Global Value Trust by 12.9% during the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock worth $185,000 after purchasing an additional 1,617 shares during the last quarter. Beckerman Institutional LLC boosted its holdings in shares of Royce Global Value Trust by 77.3% in the 1st quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock worth $305,000 after purchasing an additional 9,962 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of Royce Global Value Trust in the 3rd quarter worth about $587,000.

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.