Magellan Global Trust (ASX:MGG) Shares Down 0.8%

Shares of Magellan Global Trust (ASX:MGG) were down 0.8% on Wednesday . The stock traded as low as A$1.86 ($1.32) and last traded at A$1.86 ($1.32), approximately 599,885 shares traded hands during trading. The stock had previously closed at A$1.88 ($1.33).

The stock has a market cap of $2.33 billion and a PE ratio of 6.84. The firm has a 50 day moving average of A$1.82 and a two-hundred day moving average of A$1.79.

About Magellan Global Trust (ASX:MGG)

Magellan Global Trust is a closed-ended equity mutual fund launched and managed by Magellan Asset Management Limited. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies. It invests in stocks of companies across diversified market capitalizations.

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