Sprott Focus Trust (NASDAQ:FUND) Shares Cross Below 200 Day Moving Average – Here’s Why

Sprott Focus Trust, Inc. (NASDAQ:FUND) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.68 and traded as low as $7.15. Sprott Focus Trust shares last traded at $7.19, with a volume of 96,759 shares traded.

Sprott Focus Trust Stock Down 0.4 %

The firm has a fifty day moving average price of $7.54 and a 200 day moving average price of $7.68.

Sprott Focus Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.1305 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date of this dividend is Friday, March 14th.

Insiders Place Their Bets

In related news, Portfolio Manager W Whitney George acquired 106,939 shares of Sprott Focus Trust stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the purchase, the portfolio manager now directly owns 7,813,063 shares of the company’s stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 50.59% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sprott Inc. boosted its stake in shares of Sprott Focus Trust by 2.3% during the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock worth $108,080,000 after acquiring an additional 327,932 shares in the last quarter. Hara Capital LLC acquired a new position in Sprott Focus Trust during the fourth quarter worth $582,000. Captrust Financial Advisors boosted its position in Sprott Focus Trust by 3.4% during the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in Sprott Focus Trust by 38.8% in the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 52,645 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Sprott Focus Trust by 41.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 133,641 shares of the financial services provider’s stock valued at $978,000 after buying an additional 39,078 shares in the last quarter. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.