Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $14.56 and traded as low as $14.15. Royce Global Value Trust shares last traded at $14.3050, with a volume of 18,431 shares changing hands.
Royce Global Value Trust Trading Down 0.8%
The stock has a fifty day simple moving average of $14.70 and a 200-day simple moving average of $14.57.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Shaker Financial Services LLC raised its holdings in Royce Global Value Trust by 3.6% in the 3rd quarter. Shaker Financial Services LLC now owns 189,057 shares of the company’s stock valued at $2,692,000 after acquiring an additional 6,549 shares during the period. Tidal Investments LLC increased its stake in Royce Global Value Trust by 5.3% during the 2nd quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock worth $435,000 after acquiring an additional 1,539 shares during the period. Susquehanna International Group LLP lifted its position in shares of Royce Global Value Trust by 9.8% during the 2nd quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after acquiring an additional 1,536 shares during the period. Beckerman Institutional LLC bought a new stake in Royce Global Value Trust during the second quarter worth $612,000. Finally, Fifth Third Bancorp acquired a new position in Royce Global Value Trust during the first quarter worth about $48,000.
About Royce Global Value Trust
Royce Global Value Trust, Inc (NYSE: RGT) is a closed-end investment company that seeks long-term growth of capital by investing in a diversified portfolio of global equities. The fund focuses primarily on small-cap companies that its investment adviser believes are undervalued relative to their business prospects, assets, or earnings potential.
RGT invests across the United States and international markets, providing exposure to companies in a range of industries and geographic regions.
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