Royce Global Value Trust, Inc. (NYSE:RGT – Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $14.17 and traded as high as $14.51. Royce Global Value Trust shares last traded at $14.41, with a volume of 22,758 shares trading hands.
Royce Global Value Trust Stock Down 2.7%
The firm has a fifty day simple moving average of $14.18 and a 200 day simple moving average of $13.75.
Hedge Funds Weigh In On Royce Global Value Trust
A number of large investors have recently modified their holdings of RGT. 1607 Capital Partners LLC purchased a new position in shares of Royce Global Value Trust in the 4th quarter worth about $1,279,000. Newbridge Financial Services Group Inc. acquired a new stake in shares of Royce Global Value Trust in the third quarter valued at about $587,000. Compound Planning Inc. acquired a new stake in shares of Royce Global Value Trust in the third quarter valued at about $587,000. Matisse Capital grew its stake in shares of Royce Global Value Trust by 17.9% in the fourth quarter. Matisse Capital now owns 291,000 shares of the company’s stock valued at $3,815,000 after buying an additional 44,210 shares in the last quarter. Finally, Shaker Financial Services LLC grew its stake in shares of Royce Global Value Trust by 25.5% in the fourth quarter. Shaker Financial Services LLC now owns 193,069 shares of the company’s stock valued at $2,531,000 after buying an additional 39,254 shares in the last quarter.
Royce Global Value Trust Company Profile
Royce Global Value Trust, Inc is a closed-end management investment company that trades on the New York Stock Exchange under the ticker symbol RGT. Incorporated in Maryland and based in New York, the Trust seeks to provide total return through a combination of capital appreciation and current income. It achieves its objective by investing in a diversified portfolio of equity securities of domestic and foreign companies, with a focus on undervalued, out-of-favor businesses that management believes offer attractive long-term growth potential.
The Trust’s investment strategy emphasizes bottom-up stock selection, targeting primarily small- and mid-capitalization companies across developed and emerging markets.
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