Sprott Focus Trust (NASDAQ:FUND) Shares Pass Below 200 Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.76 and traded as low as $7.32. Sprott Focus Trust shares last traded at $7.32, with a volume of 61,812 shares traded.

Sprott Focus Trust Price Performance

The business has a 50-day moving average of $7.90 and a 200 day moving average of $7.76.

Sprott Focus Trust Announces Dividend

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

Institutional Investors Weigh In On Sprott Focus Trust

A number of institutional investors have recently added to or reduced their stakes in FUND. Shaker Financial Services LLC boosted its stake in shares of 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 worth $7,466,000 after buying an additional 92,476 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Sprott Focus Trust by 1.0% during 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 during the period. Sanctuary Advisors LLC purchased a new position in Sprott Focus Trust in the second quarter worth $1,226,000. Wolverine Asset Management LLC boosted its position in Sprott Focus Trust by 4.8% in 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 last quarter. Finally, Captrust Financial Advisors increased its position in shares of 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 valued at $712,000 after purchasing an additional 3,028 shares during the last quarter. 12.63% of the stock is owned by institutional investors.

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.