Compound Planning Inc. Acquires New Holdings in Royce Global Value Trust, Inc. $RGT

Compound Planning Inc. bought a new position in Royce Global Value Trust, Inc. (NYSE:RGT) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 45,320 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RGT. Atlantic Union Bankshares Corp bought a new position in shares of Royce Global Value Trust in the third quarter valued at approximately $27,000. D.A. Davidson & CO. grew its stake in Royce Global Value Trust by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 22,753 shares of the company’s stock valued at $295,000 after buying an additional 970 shares during the last quarter. Rothschild Investment LLC raised its holdings in Royce Global Value Trust by 2.4% in the 2nd quarter. Rothschild Investment LLC now owns 36,577 shares of the company’s stock worth $440,000 after acquiring an additional 847 shares during the period. Blue Bell Private Wealth Management LLC lifted its position in Royce Global Value Trust by 53.4% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 71,951 shares of the company’s stock worth $932,000 after acquiring an additional 25,032 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in Royce Global Value Trust by 29.6% during the second quarter. Wolverine Asset Management LLC now owns 74,111 shares of the company’s stock valued at $892,000 after acquiring an additional 16,942 shares during the period.

Royce Global Value Trust Stock Down 0.2%

Shares of NYSE:RGT opened at $14.43 on Friday. The stock’s 50-day moving average is $13.86 and its 200-day moving average is $13.13. Royce Global Value Trust, Inc. has a 52-week low of $9.00 and a 52-week high of $14.99.

Royce Global Value Trust Cuts Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, December 24th. Shareholders of record on Thursday, December 11th were given a $0.19 dividend. This represents a yield of 148.0%. The ex-dividend date of this dividend was Thursday, December 11th.

About Royce Global Value Trust

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.