1607 Capital Partners LLC Makes New $1.28 Million Investment in Royce Global Value Trust, Inc. $RGT

1607 Capital Partners LLC purchased a new position in Royce Global Value Trust, Inc. (NYSE:RGT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 97,524 shares of the company’s stock, valued at approximately $1,279,000.

Several other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC increased its holdings in Royce Global Value Trust by 6.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,828 shares of the company’s stock valued at $155,000 after buying an additional 745 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Royce Global Value Trust by 12.9% in the fourth quarter. Wells Fargo & Company MN now owns 14,126 shares of the company’s stock valued at $185,000 after buying an additional 1,617 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Royce Global Value Trust in the third quarter valued at $587,000. Compound Planning Inc. purchased a new position in Royce Global Value Trust in the third quarter valued at $587,000. Finally, LPL Financial LLC increased its holdings in Royce Global Value Trust by 69.0% in the fourth quarter. LPL Financial LLC now owns 66,009 shares of the company’s stock valued at $865,000 after buying an additional 26,960 shares during the last quarter.

Royce Global Value Trust Price Performance

NYSE:RGT opened at $14.42 on Thursday. The business’s fifty day moving average price is $14.34 and its 200 day moving average price is $13.87. Royce Global Value Trust, Inc. has a 12 month low of $11.63 and a 12 month high of $14.99.

Royce Global Value Trust 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.