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

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.89 and traded as high as $9.92. Sprott Focus Trust shares last traded at $9.83, with a volume of 20,156 shares traded.

Sprott Focus Trust Trading Down 0.2%

The stock’s fifty day moving average price is $9.89 and its 200-day moving average price is $9.74.

Sprott Focus Trust Increases Dividend

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

Insider Transactions at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George bought 71,664 shares of the business’s stock in a transaction on Monday, June 29th. The shares were bought at an average cost of $9.63 per share, with a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 52.93% of the stock is currently owned by company insiders.

Institutional Trading of Sprott Focus Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new position in Sprott Focus Trust during the fourth quarter valued at $40,000. Advocate Investing Services LLC purchased a new stake in Sprott Focus Trust in the 4th quarter worth about $61,000. Militia Capital Partners LP acquired a new stake in Sprott Focus Trust during the 4th quarter worth about $113,000. NewEdge Advisors LLC boosted its position in Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,300 shares during the period. Finally, Raymond James Financial Inc. boosted its position in Sprott Focus Trust by 126.7% during the 3rd quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider’s stock worth $378,000 after acquiring an additional 25,425 shares during the period. 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 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.