Royce Global Value Trust (NYSE:RGT) Shares Climb 0.7% – Still a Buy?

Royce Global Value Trust, Inc. (NYSE:RGT)’s share price shot up 0.7% during mid-day trading on Wednesday. The stock traded as high as $15.28 and last traded at $15.2050. 4,884 shares were traded during 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 Price Performance

The business’s fifty day simple moving average is $14.51 and its 200 day simple moving average is $14.44.

Institutional Trading of Royce Global Value Trust

A number of hedge funds and other institutional investors have recently modified their holdings of RGT. Atlas Wealth LLC boosted its holdings in Royce Global Value Trust by 17.8% in the third quarter. Atlas Wealth LLC now owns 510,724 shares of the company’s stock valued at $7,273,000 after purchasing an additional 77,280 shares during the last quarter. Shaker Financial Services LLC raised its position in shares of Royce Global Value Trust by 3.6% in the 3rd quarter. Shaker Financial Services LLC now owns 189,057 shares of the company’s stock valued at $2,692,000 after purchasing an additional 6,549 shares in the last quarter. Blue Bell Private Wealth Management LLC raised its position in shares of Royce Global Value Trust by 9.6% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 130,924 shares of the company’s stock valued at $1,864,000 after purchasing an additional 11,470 shares in the last quarter. Beckerman Institutional LLC boosted its stake in shares of Royce Global Value Trust by 18.3% during the 3rd quarter. Beckerman Institutional LLC now owns 50,867 shares of the company’s stock valued at $724,000 after buying an additional 7,866 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Royce Global Value Trust by 5.3% during the 2nd 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.