Sprott Focus Trust (NASDAQ:FUND) Share Price Passes Below 200 Day Moving Average on Insider Selling

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price passed below its two hundred day moving average during trading on Wednesday after an insider sold shares in the company. The stock has a two hundred day moving average of $7.42 and traded as low as $7.35. Sprott Focus Trust shares last traded at $7.41, with a volume of 37,830 shares changing hands.

Specifically, Portfolio Manager W Whitney George sold 29,900 shares of Sprott Focus Trust stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $7.21, for a total value of $215,579.00. Following the completion of the sale, the portfolio manager now directly owns 250,600 shares in the company, valued at $1,806,826. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Sprott Focus Trust Stock Performance

The business’s 50-day simple moving average is $7.08 and its 200-day simple moving average is $7.42.

Hedge Funds Weigh In On Sprott Focus Trust

A number of institutional investors have recently bought and sold shares of FUND. Sprott Inc. lifted its stake in shares of Sprott Focus Trust by 1.0% in the 1st quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider’s stock valued at $110,652,000 after purchasing an additional 154,903 shares during the period. Royal Bank of Canada boosted its position in shares of Sprott Focus Trust by 16.7% during the 1st quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock valued at $4,291,000 after acquiring an additional 82,892 shares during the last quarter. LPL Financial LLC boosted its position in shares of Sprott Focus Trust by 11.8% during the 1st quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider’s stock valued at $3,214,000 after acquiring an additional 45,643 shares during the last quarter. 1607 Capital Partners LLC boosted its position in shares of Sprott Focus Trust by 20.4% during the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock valued at $2,268,000 after acquiring an additional 52,590 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its position in shares of 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 valued at $1,379,000 after acquiring an additional 52,645 shares during the last quarter. 12.63% of the stock is owned by hedge funds and other institutional investors.

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.