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 the stock in a transaction on Wednesday, September 30th. The stock was purchased at an average cost of $14.22 per share, with a total value of $10,565.46. Following the transaction, the president directly owned 52,127 shares of the company’s stock, valued at $741,245.94. This represents a 1.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Royce Global Value Trust Trading Up 0.1%

RGT opened at $14.24 on Friday. The firm’s 50 day moving average is $14.97 and its 200-day moving average is $14.48. Royce Global Value Trust, Inc. has a 52-week low of $12.01 and a 52-week high of $15.79.

Institutional Investors Weigh In On Royce Global Value Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RGT. Fifth Third Bancorp purchased a new position in Royce Global Value Trust in the 1st quarter valued at about $48,000. Susquehanna International Group LLP increased its position in shares of Royce Global Value Trust by 9.8% during the second quarter. Susquehanna International Group LLP now owns 17,218 shares of the company’s stock worth $245,000 after acquiring an additional 1,536 shares during the last quarter. Beckerman Institutional LLC lifted its stake 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 worth $305,000 after acquiring an additional 9,962 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Royce Global Value Trust by 5.3% in the second quarter. Tidal Investments LLC now owns 30,535 shares of the company’s stock worth $435,000 after acquiring an additional 1,539 shares in the last quarter. Finally, 1607 Capital Partners LLC purchased a new position in Royce Global Value Trust in the fourth quarter valued at about $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.