Cornerstone Advisors LLC Sells 53,870 Shares of Royce Global Value Trust, Inc. (NYSE:RGT)

Cornerstone Advisors LLC reduced its stake in shares of Royce Global Value Trust, Inc. (NYSE:RGT) by 92.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,612 shares of the company’s stock after selling 53,870 shares during the period. Cornerstone Advisors LLC’s holdings in Royce Global Value Trust were worth $49,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James & Associates lifted its holdings in shares of Royce Global Value Trust by 191.5% during the 1st quarter. Raymond James & Associates now owns 648,694 shares of the company’s stock worth $6,935,000 after acquiring an additional 426,166 shares during the last quarter. Private Management Group Inc. lifted its stake in Royce Global Value Trust by 1.9% in the fourth quarter. Private Management Group Inc. now owns 195,428 shares of the company’s stock worth $1,905,000 after purchasing an additional 3,615 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its stake in Royce Global Value Trust by 27.6% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 22,382 shares of the company’s stock worth $218,000 after purchasing an additional 4,841 shares during the last quarter. Finally, Twin Focus Capital Partners LLC bought a new stake in Royce Global Value Trust in the fourth quarter worth $126,000.

Royce Global Value Trust Stock Performance

Royce Global Value Trust stock traded down $0.22 during mid-day trading on Friday, hitting $11.51. The company’s stock had a trading volume of 2,795 shares, compared to its average volume of 15,688. The business has a 50 day moving average price of $11.31 and a 200-day moving average price of $10.68. Royce Global Value Trust, Inc. has a 12 month low of $7.84 and a 12 month high of $11.83.

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.