Sprott Focus Trust (NASDAQ:FUND) Shares Pass Below Two Hundred Day Moving Average of $7.74

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.74 and traded as low as $7.63. Sprott Focus Trust shares last traded at $7.66, with a volume of 58,800 shares trading hands.

Sprott Focus Trust Trading Up 0.2 %

The stock’s 50-day moving average price is $7.78 and its 200 day moving average price is $7.74.

Sprott Focus Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.1301 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.52 dividend on an annualized basis and a yield of 6.80%. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 15,621 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $7.39, for a total transaction of $115,439.19. Following the sale, the portfolio manager now directly owns 263,151 shares of the company’s stock, valued at $1,944,685.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 48.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprott Focus Trust

Hedge funds have recently bought and sold shares of the company. Shaker Financial Services LLC grew its position in Sprott Focus Trust by 10.2% in the second quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock valued at $7,466,000 after purchasing an additional 92,476 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of Sprott Focus Trust in the 1st quarter valued at about $1,867,000. Sanctuary Advisors LLC bought a new position in shares of Sprott Focus Trust in the 2nd quarter valued at about $1,226,000. Wolverine Asset Management LLC grew its position in shares of Sprott Focus Trust by 4.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after acquiring an additional 6,198 shares during the period. Finally, Sprott Inc. grew its position in shares of Sprott Focus Trust by 3.1% in the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 3,397 shares during the period. 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.