Sprott Focus Trust (NASDAQ:FUND) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Sprott Focus Trust, Inc. (NASDAQ:FUND) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.49 and traded as high as $8.90. Sprott Focus Trust shares last traded at $8.90, with a volume of 33,121 shares.

Sprott Focus Trust Price Performance

The business’s fifty day simple moving average is $8.49 and its two-hundred day simple moving average is $8.18.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were issued a $0.1911 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Insider Transactions at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 173,880 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of $8.60 per share, for a total transaction of $1,495,368.00. Following the completion of the transaction, the portfolio manager directly owned 3,282,803 shares of the company’s stock, valued at $28,232,105.80. This represents a 5.59% 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. Corporate insiders own 52.93% of the company’s stock.

Institutional Investors Weigh In On Sprott Focus Trust

A number of institutional investors have recently added to or reduced their stakes in FUND. Wolverine Asset Management LLC grew its position in shares of Sprott Focus Trust by 79.5% in the third quarter. Wolverine Asset Management LLC now owns 4,025 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 1,783 shares during the period. NewEdge Advisors LLC boosted its holdings in Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after buying an additional 2,300 shares during the last quarter. Osaic Holdings Inc. increased its stake in Sprott Focus Trust by 203.4% during the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after buying an additional 33,815 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Sprott Focus Trust by 126.7% during the third quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 25,425 shares during the last quarter. Finally, Hara Capital LLC lifted its position in shares of Sprott Focus Trust by 2.1% in the second quarter. Hara Capital LLC now owns 69,126 shares of the financial services provider’s stock valued at $517,000 after acquiring an additional 1,430 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

About Sprott Focus Trust

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.