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

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price passed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $9.92 and traded as low as $9.80. Sprott Focus Trust shares last traded at $9.86, with a volume of 14,081 shares changing hands.

Sprott Focus Trust Price Performance

The company has a 50 day simple moving average of $10.10 and a 200 day simple moving average of $9.92.

Sprott Focus Trust Increases Dividend

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

Insider Activity

In related news, Portfolio Manager Whitney George bought 122,111 shares of the company’s stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average price of $10.05 per share, for a total transaction of $1,227,215.55. Following the completion of the acquisition, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 54.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of 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 during the last quarter. Blue Bell Private Wealth Management LLC raised its stake in shares of Sprott Focus Trust by 2.3% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 243,279 shares of the financial services provider’s stock worth $2,357,000 after purchasing an additional 5,444 shares in the last quarter. Essex Financial Services Inc. boosted its holdings 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 buying an additional 994 shares during the last quarter. Evolve Private Wealth LLC acquired a new stake in shares of Sprott Focus Trust in the 2nd quarter valued at approximately $1,384,000. Finally, Sapient Capital LLC grew its stake in shares of 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 valued at $782,000 after buying an additional 1,195 shares in the last quarter. 12.63% of the stock is currently owned by institutional investors.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a diversified, closed-end management investment company listed on Nasdaq under the symbol FUND. Its investment objective is long-term capital appreciation. Rather than operating as a conventional business, the trust pools investor capital and invests it in a portfolio of publicly traded securities.

The trust generally follows a focused, value-oriented investment approach and may invest across industries and geographic regions. Its portfolio can include common stocks and other equity-related securities of companies in the United States, Canada and other international markets.