Sprott Focus Trust (NASDAQ:FUND) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.57 and traded as low as $9.50. Sprott Focus Trust shares last traded at $9.74, with a volume of 30,440 shares changing hands.

Sprott Focus Trust Stock Performance

The business’s fifty day simple moving average is $10.09 and its 200 day simple moving average is $9.57.

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Sprott Focus Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be given a $0.1424 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.57 annualized dividend and a dividend yield of 5.8%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Institutional Investors Weigh In On Sprott Focus Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUND. Sprott Inc. lifted its stake in Sprott Focus Trust by 0.9% in the third quarter. Sprott Inc. now owns 15,219,058 shares of the financial services provider’s stock valued at $126,429,000 after buying an additional 139,731 shares during the period. LPL Financial LLC grew its position in shares of Sprott Focus Trust by 18.7% during the 4th quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider’s stock worth $4,564,000 after buying an additional 82,782 shares during the period. Royal Bank of Canada grew its position in shares of Sprott Focus Trust by 16.7% during the 1st quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock worth $4,291,000 after buying an additional 82,892 shares during the period. Evolve Private Wealth LLC bought a new stake in shares of Sprott Focus Trust in the 4th quarter valued at about $1,310,000. Finally, Captrust Financial Advisors increased its stake in shares of Sprott Focus Trust by 1.6% in the 4th quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock valued at $741,000 after acquiring an additional 1,309 shares during the last quarter. 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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