Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $10.02 and traded as low as $9.92. Sprott Focus Trust shares last traded at $9.91, with a volume of 17,037 shares.
Sprott Focus Trust Stock Performance
The business has a fifty day simple moving average of $10.35 and a two-hundred day simple moving average of $10.02.
Sprott Focus Trust Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.1503 per share. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.1424. The ex-dividend date is Tuesday, September 15th. This represents a $0.60 annualized dividend and a dividend yield of 6.0%.
Insider Buying and Selling
Institutional Investors Weigh In On Sprott Focus Trust
Several institutional investors and hedge funds have recently made changes to their positions in FUND. Royal Bank of Canada increased its position in shares of Sprott Focus Trust by 15.4% during the 1st quarter. Royal Bank of Canada now owns 802,431 shares of the financial services provider’s stock worth $7,655,000 after purchasing an additional 106,805 shares in the last quarter. Essex Financial Services Inc. boosted its position in Sprott Focus Trust by 0.5% in the first quarter. Essex Financial Services Inc. now owns 218,586 shares of the financial services provider’s stock valued at $2,085,000 after buying an additional 994 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in Sprott Focus Trust during the second quarter worth about $1,384,000. Acorn Wealth Advisors LLC increased its holdings in shares of Sprott Focus Trust by 7.8% during the second quarter. Acorn Wealth Advisors LLC now owns 45,010 shares of the financial services provider’s stock worth $1,158,000 after buying an additional 3,244 shares in the last quarter. Finally, Sapient Capital LLC increased its holdings 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 worth $782,000 after buying an additional 1,195 shares in 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-end investment company listed on the Nasdaq under the symbol FUND. The fund seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded equity securities.
The fund’s investment approach emphasizes fundamental research and the selection of companies that its adviser believes offer attractive long-term investment potential. Its portfolio may include businesses across multiple industries and geographic markets, giving shareholders exposure to a diversified selection of domestic and international equities.
Sprott Focus Trust is managed by Sprott Asset Management, a subsidiary of Sprott Inc, an asset manager focused on real assets and alternative investments.
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