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

Royce Global Value Trust, Inc. (NYSE:RGT) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.17 and traded as high as $14.51. Royce Global Value Trust shares last traded at $14.41, with a volume of 22,758 shares.

Royce Global Value Trust Stock Up 0.8%

The business’s fifty day moving average is $14.17 and its 200-day moving average is $13.74.

Hedge Funds Weigh In On Royce Global Value Trust

Institutional investors and hedge funds have recently made changes to their positions in the business. 1607 Capital Partners LLC purchased a new position in Royce Global Value Trust during the fourth quarter valued at approximately $1,279,000. Newbridge Financial Services Group Inc. purchased a new position in Royce Global Value Trust during the third quarter valued at approximately $587,000. Compound Planning Inc. purchased a new position in Royce Global Value Trust during the third quarter valued at approximately $587,000. Matisse Capital lifted its holdings in Royce Global Value Trust by 17.9% during the fourth quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after purchasing an additional 44,210 shares in the last quarter. Finally, Shaker Financial Services LLC lifted its holdings in Royce Global Value Trust by 25.5% during the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after purchasing an additional 39,254 shares in 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.