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

Royce Global Value Trust, Inc. (NYSE:RGT) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.07 and traded as low as $10.05. Royce Global Value Trust shares last traded at $10.11, with a volume of 24,931 shares.

Royce Global Value Trust Stock Up 1.2 %

The stock has a 50 day moving average of $10.56 and a two-hundred day moving average of $11.06.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC boosted its holdings in Royce Global Value Trust by 57.7% during the fourth quarter. Wolverine Asset Management LLC now owns 36,265 shares of the company’s stock valued at $389,000 after acquiring an additional 13,271 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Royce Global Value Trust during the 4th quarter worth about $8,205,000. Blue Bell Private Wealth Management LLC boosted its stake in Royce Global Value Trust by 48.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 37,127 shares of the company’s stock valued at $398,000 after purchasing an additional 12,064 shares during the period. Cornerstone Advisors LLC grew its holdings in Royce Global Value Trust by 1,172.0% in the 4th quarter. Cornerstone Advisors LLC now owns 27,158 shares of the company’s stock valued at $291,000 after buying an additional 25,023 shares during the last quarter. Finally, 1776 Wealth LLC increased its position in 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 buying an additional 1,285 shares during the period.

About Royce Global Value Trust

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.