Sprott Focus Trust (NASDAQ:FUND) Stock Price Breaks Below 200 Day Moving Average – Here’s Why

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $9.94 and traded as low as $9.75. Sprott Focus Trust shares last traded at $9.92, with a volume of 36,792 shares changing hands.

Sprott Focus Trust Trading Down 0.1%

The company has a fifty day moving average of $9.98 and a two-hundred day moving average of $9.95.

Sprott Focus Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a $0.1503 dividend. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.1424. The ex-dividend date was Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 6.1%.

Insiders Place Their Bets

In other Sprott Focus Trust news, Portfolio Manager Whitney George purchased 122,111 shares of the company’s stock in a transaction dated Tuesday, September 29th. The stock was purchased at an average price of $10.05 per share, with a total value of $1,227,215.55. Following the completion of the purchase, the portfolio manager owned 3,375,936 shares of the company’s stock, valued at approximately $33,928,156.80. The trade was a 3.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 54.83% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hara Capital LLC bought a new stake in Sprott Focus Trust in the second quarter worth approximately $80,000. Uhlmann Price Securities LLC bought a new position in shares of Sprott Focus Trust in the third quarter valued at $108,000. Readystate Asset Management LP acquired a new position in Sprott Focus Trust during the 2nd quarter valued at about $134,000. Bank of America Corp DE purchased a new position in shares of Sprott Focus Trust during the second quarter valued at approximately $170,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in shares of Sprott Focus Trust during the second quarter valued at about $191,000. 12.63% of the stock is owned by institutional investors and hedge funds.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc. is a publicly traded closed-end investment company. Its investment objective is long-term capital appreciation, which it pursues by investing in publicly traded companies, with an emphasis on businesses in the natural resources sector. The fund’s portfolio may include companies involved in areas such as mining, energy and other resource-related industries. It invests primarily in equities and can consider opportunities in markets around the world. Sprott Asset Management USA, Inc. serves as the fund’s investment adviser.