Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.
Sprott Focus Trust Stock Down 0.4 %
The stock 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 business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, March 14th.
Insider Activity
Institutional Trading of Sprott Focus Trust
Several large investors have recently bought and sold shares of FUND. Captrust Financial Advisors grew its holdings in 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 valued at $712,000 after purchasing an additional 3,028 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Sprott Focus Trust by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 3,301 shares during the last quarter. Sapient Capital LLC grew its holdings in Sprott Focus Trust by 3.0% in the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 2,345 shares during the last quarter. Hara Capital LLC acquired a new stake in Sprott Focus Trust in the fourth quarter valued at $582,000. Finally, 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. 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.
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