Sprott Focus Trust (NASDAQ:FUND) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Sprott Focus Trust, Inc. (NASDAQ:FUNDGet Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.99 and traded as low as $9.54. Sprott Focus Trust shares last traded at $9.63, with a volume of 99,601 shares.

Sprott Focus Trust Stock Up 0.7%

The stock has a fifty day simple moving average of $9.97 and a 200 day simple moving average of $9.67.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a $0.1424 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.57 dividend on an annualized basis and a yield of 5.9%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Insider Buying and Selling at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George purchased 71,664 shares of the company’s stock in a transaction on Monday, June 29th. The stock was acquired at an average cost of $9.63 per share, for a total transaction of $690,124.32. Following the completion of the transaction, the portfolio manager directly owned 3,326,193 shares in the company, valued at $32,031,238.59. This trade represents a 2.20% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 52.93% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FUND. Essex Financial Services Inc. lifted its stake in Sprott Focus Trust by 0.5% in the 1st quarter. Essex Financial Services Inc. now owns 218,586 shares of the financial services provider’s stock worth $2,085,000 after purchasing an additional 994 shares in the last quarter. Sapient Capital LLC grew its position in shares of Sprott Focus Trust by 1.5% during the first quarter. Sapient Capital LLC now owns 82,018 shares of the financial services provider’s stock valued at $782,000 after purchasing an additional 1,195 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Sprott Focus Trust by 1.6% in the fourth quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 1,309 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Sprott Focus Trust by 20.5% in the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Sprott Focus Trust in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

About Sprott Focus Trust

(Get Free Report)

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.

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