Sprott Focus Trust (NASDAQ:FUND) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.66 and traded as low as $7.36. Sprott Focus Trust shares last traded at $7.41, with a volume of 24,767 shares changing hands.

Sprott Focus Trust Price Performance

The business’s 50-day simple moving average is $7.54 and its two-hundred day simple moving average is $7.66.

Sprott Focus Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.1305 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.04%.

Insider Buying and Selling at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the transaction, the portfolio manager now directly owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 50.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sprott Focus Trust

Hedge funds have recently made changes to their positions in the company. Sprott Inc. grew its stake in Sprott Focus Trust by 2.3% during the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock valued at $108,080,000 after acquiring an additional 327,932 shares in the last quarter. LPL Financial LLC raised its holdings in Sprott Focus Trust by 179.0% in the 4th quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 248,980 shares during the period. Hara Capital LLC acquired a new position in Sprott Focus Trust in the fourth quarter valued at about $582,000. Wolverine Asset Management LLC boosted its stake in Sprott Focus Trust by 38.8% during the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock worth $1,379,000 after buying an additional 52,645 shares during the period. Finally, 1607 Capital Partners LLC increased its position in shares of Sprott Focus Trust by 20.4% during the fourth quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock valued at $2,268,000 after acquiring an additional 52,590 shares during 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-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.