Royce Global Value Trust (NYSE:RGT) Shares Up 0.7% – Here’s Why

Royce Global Value Trust, Inc. (NYSE:RGT) shares rose 0.7% during mid-day trading on Wednesday. The stock traded as high as $15.28 and last traded at $15.2050. Approximately 4,884 shares were traded during mid-day trading, a decline of 76% from the average session volume of 20,050 shares. The stock had previously closed at $15.10.

Royce Global Value Trust Stock Up 0.7%

The firm’s fifty day moving average is $14.51 and its 200-day moving average is $14.44.

Institutional Investors Weigh In On Royce Global Value Trust

Several hedge funds and other institutional investors have recently modified their holdings of RGT. Atlas Wealth LLC lifted its position in shares of Royce Global Value Trust by 17.8% during the third quarter. Atlas Wealth LLC now owns 510,724 shares of the company’s stock worth $7,273,000 after purchasing an additional 77,280 shares during the last quarter. Beckerman Institutional LLC grew its stake in Royce Global Value Trust by 18.3% in the third quarter. Beckerman Institutional LLC now owns 50,867 shares of the company’s stock worth $724,000 after purchasing an additional 7,866 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its stake in Royce Global Value Trust by 9.6% in the third quarter. Blue Bell Private Wealth Management LLC now owns 130,924 shares of the company’s stock worth $1,864,000 after purchasing an additional 11,470 shares in the last quarter. Shaker Financial Services LLC increased its holdings in Royce Global Value Trust by 3.6% in the third quarter. Shaker Financial Services LLC now owns 189,057 shares of the company’s stock valued at $2,692,000 after buying an additional 6,549 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Royce Global Value Trust by 5.3% in the second quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock valued at $435,000 after buying an additional 1,539 shares during the last quarter.

Royce Global Value Trust Company Profile

Royce Global Value Trust, Inc. (NYSE:RGT) is a closed-end investment company that seeks long-term growth of capital by investing primarily in equity securities of companies located around the world. The fund emphasizes small-capitalization businesses that its investment adviser believes are undervalued relative to their underlying business prospects. RGT provides investors with a diversified portfolio of global value-oriented equities, including holdings in the United States and international markets.