Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.94 and traded as high as $9.97. Sprott Focus Trust shares last traded at $9.84, with a volume of 76,709 shares trading hands.

Sprott Focus Trust Price Performance

The business’s 50-day simple moving average is $9.94 and its two-hundred day simple moving average is $9.70.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were paid a $0.1424 dividend. This represents a $0.57 annualized dividend and a dividend yield of 5.8%. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, June 12th.

Insider Buying and Selling

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 71,664 shares of the stock in a transaction on Monday, June 29th. The stock was purchased at an average price of $9.63 per share, for a total transaction of $690,124.32. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 52.93% of the company’s stock.

Hedge Funds Weigh In On Sprott Focus Trust

Several institutional investors and hedge funds have recently made changes to their positions in FUND. Essex Financial Services Inc. raised its stake in shares of 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 valued at $2,085,000 after purchasing an additional 994 shares in the last quarter. Sapient Capital LLC grew its stake in Sprott Focus Trust by 1.5% in the first quarter. Sapient Capital LLC now owns 82,018 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,195 shares in the last quarter. Captrust Financial Advisors grew its stake in 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 in the last quarter. NewEdge Advisors LLC increased its holdings in 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 valued at $100,000 after buying an additional 2,300 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Sprott Focus Trust during the fourth quarter valued at approximately $40,000. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Company Profile

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.