Insider Buying: Royce Global Value Trust (NYSE:RGT) President Purchases $10,565.46 in Stock

Royce Global Value Trust, Inc. (NYSE:RGT) President Christopher Clark acquired 743 shares of Royce Global Value Trust stock in a transaction on Wednesday, September 30th. The stock was acquired at an average cost of $14.22 per share, for a total transaction of $10,565.46. Following the purchase, the president owned 52,127 shares of the company’s stock, valued at approximately $741,245.94. This represents a 1.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Royce Global Value Trust Price Performance

Shares of RGT stock traded down $0.03 during trading hours on Thursday, hitting $14.21. 4,667 shares of the company’s stock were exchanged, compared to its average volume of 20,531. Royce Global Value Trust, Inc. has a 52 week low of $12.01 and a 52 week high of $15.79. The stock’s 50-day moving average is $14.98 and its 200-day moving average is $14.48.

Institutional Investors Weigh In On Royce Global Value Trust

A number of hedge funds have recently added to or reduced their stakes in RGT. Fifth Third Bancorp bought a new position in shares of Royce Global Value Trust in the first quarter worth about $48,000. Susquehanna International Group LLP increased its holdings in shares of Royce Global Value Trust by 9.8% in the second quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock valued at $245,000 after purchasing an additional 1,536 shares in the last quarter. Beckerman Institutional LLC increased its holdings in shares of Royce Global Value Trust by 77.3% in the first quarter. Beckerman Institutional LLC now owns 22,853 shares of the company’s stock valued at $305,000 after purchasing an additional 9,962 shares in the last quarter. Tidal Investments LLC raised its position in Royce Global Value Trust by 5.3% in the 2nd quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock worth $435,000 after purchasing an additional 1,539 shares during the last quarter. Finally, 1607 Capital Partners LLC bought a new position in Royce Global Value Trust in the 4th quarter worth approximately $1,279,000.

About Royce Global Value Trust

Royce Global Value Trust, Inc (NYSE:RGT) is a diversified, closed-end investment company that seeks long-term capital appreciation by investing in publicly traded companies around the world. The fund emphasizes value-oriented investing and typically focuses on small- and mid-capitalization businesses that its investment manager believes are undervalued relative to their underlying fundamentals.

RGT invests across multiple industries and geographic markets, including the United States and international developed and emerging markets.