Royce Global Value Trust (NYSE:RGT) Shares Pass Above Fifty Day Moving Average – Here’s Why
by Tristan Rich · The Markets DailyRoyce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) shares passed 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 traded.
Royce Global Value Trust Price Performance
The firm has a 50 day moving average price of $14.37 and a 200 day moving average price of $13.94.
Hedge Funds Weigh In On Royce Global Value Trust
Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Royce Global Value Trust in the first quarter worth $48,000. Commonwealth Equity Services LLC lifted its stake in shares of 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 buying an additional 745 shares in the last quarter. Wells Fargo & Company MN boosted its holdings 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 buying an additional 1,617 shares during the period. Beckerman Institutional LLC boosted its holdings in 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 buying an additional 9,962 shares during the period. Finally, Compound Planning Inc. purchased a new stake in Royce Global Value Trust in the 3rd quarter worth $587,000.
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.