Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUNDGet Free Report)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.75 and traded as low as $7.59. Sprott Focus Trust shares last traded at $7.60, with a volume of 37,376 shares changing hands.

Sprott Focus Trust Stock Down 0.7 %

The stock has a 50-day moving average of $7.68 and a 200 day moving average of $7.75.

Sprott Focus Trust Dividend Announcement

The firm also recently declared a — dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were given a dividend of $0.2161 per share. This represents a dividend yield of 7.5%. The ex-dividend date was Friday, December 13th.

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of $7.27 per share, for a total transaction of $777,446.53. Following the transaction, the portfolio manager now directly owns 7,813,063 shares of the company’s stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 50.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its stake in Sprott Focus Trust by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after buying an additional 3,028 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Sprott Focus Trust by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after acquiring an additional 3,301 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Sprott Focus Trust during the second quarter worth about $1,226,000. Institutional investors own 12.63% of the company’s stock.

About Sprott Focus Trust

(Get Free Report)

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.

Further Reading

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