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

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.74 and traded as low as $7.30. Sprott Focus Trust shares last traded at $7.34, with a volume of 36,799 shares trading hands.

Sprott Focus Trust Stock Up 0.5 %

The company’s fifty day simple moving average is $7.85 and its two-hundred day simple moving average is $7.74.

Sprott Focus Trust Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.2161 dividend. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Sprott Focus Trust during the 2nd quarter worth $1,226,000. Shaker Financial Services LLC increased its stake in shares of 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 buying an additional 92,476 shares during the period. Blue Bell Private Wealth Management LLC boosted its position in Sprott Focus Trust by 392.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock worth $474,000 after buying an additional 50,485 shares during the period. Wolverine Asset Management LLC grew its holdings in Sprott Focus Trust by 4.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after acquiring an additional 6,198 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in Sprott Focus Trust by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after acquiring an additional 3,301 shares during the last quarter. 12.63% of the stock is owned by institutional investors.

About Sprott Focus Trust

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.