Royce Global Value Trust, Inc. (NYSE:RGT) Insider Charles M. Royce Sells 38,125 Shares

Royce Global Value Trust, Inc. (NYSE:RGT) insider Charles M. Royce sold 38,125 shares of Royce Global Value Trust stock in a transaction on Friday, June 27th. The stock was sold at an average price of $11.89, for a total value of $453,306.25. Following the completion of the sale, the insider now directly owns 699,345 shares of the company’s stock, valued at $8,315,212.05. The trade was a 5.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Royce Global Value Trust Price Performance

Shares of NYSE:RGT opened at $11.89 on Friday. The stock’s 50-day simple moving average is $11.26 and its two-hundred day simple moving average is $10.93. Royce Global Value Trust, Inc. has a 52-week low of $9.00 and a 52-week high of $12.14.

Hedge Funds Weigh In On Royce Global Value Trust

Several institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Royce Global Value Trust during the fourth quarter valued at approximately $8,205,000. Shaker Financial Services LLC boosted its stake in shares of Royce Global Value Trust by 70.6% during the 4th quarter. Shaker Financial Services LLC now owns 88,295 shares of the company’s stock worth $947,000 after acquiring an additional 36,530 shares during the last quarter. Matisse Capital bought a new stake in shares of Royce Global Value Trust during the 1st quarter valued at $346,000. Cornerstone Advisors LLC increased its stake in shares of Royce Global Value Trust by 111.1% in the 1st quarter. Cornerstone Advisors LLC now owns 57,324 shares of the company’s stock worth $602,000 after purchasing an additional 30,166 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Royce Global Value Trust by 57.6% in the 1st quarter. Wolverine Asset Management LLC now owns 57,169 shares of the company’s stock worth $600,000 after purchasing an additional 20,904 shares in the last quarter.

About Royce Global Value Trust

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.