Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.45 and traded as low as $7.04. Sprott Focus Trust shares last traded at $7.14, with a volume of 21,658 shares.

Sprott Focus Trust Stock Performance

The firm’s fifty day simple moving average is $7.10 and its 200 day simple moving average is $7.45.

Sprott Focus Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a dividend of $0.1305 per share. The ex-dividend date was Friday, March 14th. This represents a $0.52 annualized dividend and a yield of 7.31%.

Insiders Place Their Bets

In related news, Portfolio Manager W Whitney George bought 65,998 shares of the company’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the acquisition, the portfolio manager now owns 7,866,341 shares of the company’s stock, valued at approximately $57,424,289.30. This represents a 0.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 50.59% of the company’s stock.

Institutional Trading of Sprott Focus Trust

Several hedge funds have recently bought and sold shares of FUND. Sapient Capital LLC raised its holdings in Sprott Focus Trust by 3.0% during the 4th quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock worth $597,000 after buying an additional 2,345 shares during the period. Hara Capital LLC acquired a new stake in Sprott Focus Trust during the 4th quarter worth approximately $582,000. Wolverine Asset Management LLC raised its holdings in Sprott Focus Trust by 38.8% during the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock worth $1,379,000 after buying an additional 52,645 shares during the period. Sprott Inc. grew 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. Finally, Raymond James Financial Inc. bought a new position in shares of Sprott Focus Trust during the 4th quarter worth approximately $149,000. 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.