Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.74 and traded as low as $7.30. Sprott Focus Trust shares last traded at $7.34, with a volume of 36,799 shares traded.

Sprott Focus Trust Price Performance

The firm’s 50 day moving average price is $7.85 and its two-hundred day moving average price is $7.74.

Sprott Focus Trust Dividend Announcement

The business also recently declared a — dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be paid a $0.2161 dividend. This represents a yield of 7.5%. The ex-dividend date of this dividend is Friday, December 13th.

Hedge Funds Weigh In On Sprott Focus Trust

A number of institutional investors and hedge funds have recently made changes to their positions in FUND. Shaker Financial Services LLC increased its position in Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock valued at $7,466,000 after buying an additional 92,476 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Sprott Focus Trust in the second quarter valued at approximately $1,226,000. Blue Bell Private Wealth Management LLC increased its holdings in shares of Sprott Focus Trust by 392.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 50,485 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of Sprott Focus Trust by 4.8% during the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after purchasing an additional 6,198 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Sprott Focus Trust by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after purchasing an additional 3,028 shares in the last quarter. Institutional investors own 12.63% of the company’s stock.

About Sprott Focus Trust

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.