Private Management Group Inc. Sells 3,508 Shares of Royce Global Value Trust, Inc. (NYSE:RGT)

Private Management Group Inc. lowered its stake in shares of Royce Global Value Trust, Inc. (NYSE:RGT) by 1.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 191,920 shares of the company’s stock after selling 3,508 shares during the quarter. Private Management Group Inc.’s holdings in Royce Global Value Trust were worth $2,052,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RGT. Twin Focus Capital Partners LLC purchased a new stake in shares of Royce Global Value Trust during the 4th quarter valued at $126,000. Blue Bell Private Wealth Management LLC raised its position in shares of Royce Global Value Trust by 27.6% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 22,382 shares of the company’s stock valued at $218,000 after buying an additional 4,841 shares in the last quarter. Cornerstone Advisors LLC raised its position in shares of Royce Global Value Trust by 62.0% during the 4th quarter. Cornerstone Advisors LLC now owns 58,482 shares of the company’s stock valued at $570,000 after buying an additional 22,379 shares in the last quarter. Finally, Raymond James & Associates purchased a new stake in shares of Royce Global Value Trust during the 4th quarter valued at $2,170,000.

Royce Global Value Trust Stock Performance

Shares of Royce Global Value Trust stock traded down $0.08 on Thursday, hitting $11.73. 4,372 shares of the company traded hands, compared to its average volume of 15,782. The firm’s 50-day simple moving average is $11.28 and its 200 day simple moving average is $10.65. Royce Global Value Trust, Inc. has a 12-month low of $7.84 and a 12-month high of $11.83.

Royce Global Value Trust Profile

Royce Global Value Trust, Inc was a closed ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets across the globe. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small-cap and micro-cap companies.