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

Shares of Royce Global Value Trust, Inc. (NYSE:RGT) crossed 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 changing hands.

Royce Global Value Trust Price Performance

The firm’s 50 day simple moving average is $14.35 and its two-hundred day simple moving average is $14.10.

Institutional Investors Weigh In On Royce Global Value Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in Royce Global Value Trust by 6.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after acquiring an additional 745 shares during the period. Integrated Wealth Concepts LLC increased its stake in 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 during the period. Wells Fargo & Company MN increased its stake in Royce Global Value Trust by 12.9% in the 4th 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 period. Fifth Third Bancorp bought a new stake in Royce Global Value Trust in the first quarter valued at approximately $48,000. Finally, Compound Planning Inc. lifted its position in Royce Global Value Trust by 15.9% in the fourth quarter. Compound Planning Inc. now owns 52,525 shares of the company’s stock valued at $689,000 after purchasing an additional 7,205 shares during the last quarter.

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.