Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Sprott Focus Trust, Inc. (NASDAQ:FUND) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.75 and traded as low as $7.59. Sprott Focus Trust shares last traded at $7.60, with a volume of 37,376 shares changing hands.

Sprott Focus Trust Stock Down 0.7 %

The company’s 50 day moving average price is $7.68 and its 200 day moving average price is $7.75.

Sprott Focus Trust Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a $0.2161 dividend. The ex-dividend date was Friday, December 13th. This represents a yield of 7.5%.

Insider Transactions at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 106,939 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the purchase, the portfolio manager now owns 7,813,063 shares in the company, valued at $56,800,968.01. This represents a 1.39 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company 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. Captrust Financial Advisors raised its stake in shares of Sprott Focus Trust by 3.4% in the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 3,028 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the second quarter valued at approximately $1,226,000. Finally, Integrated Wealth Concepts LLC raised its position in Sprott Focus Trust by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 3,301 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.