Sprott Focus Trust (NASDAQ:FUND) Shares Cross Below 200 Day Moving Average – Time to Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.66 and traded as low as $7.36. Sprott Focus Trust shares last traded at $7.41, with a volume of 24,767 shares.

Sprott Focus Trust Stock Up 0.3 %

The business’s 50 day moving average price is $7.53 and its 200-day moving average price is $7.66.

Sprott Focus Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.1305 per share. The ex-dividend date is Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.03%.

Insider Buying and Selling

In other news, Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the transaction, the portfolio manager now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 50.59% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FUND. Level Four Advisory Services LLC boosted its stake in shares of Sprott Focus Trust by 9.0% during the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 1,951 shares during the last quarter. Sapient Capital LLC grew its stake in shares of Sprott Focus Trust by 3.0% during the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock valued at $597,000 after acquiring an additional 2,345 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Sprott Focus Trust by 3.4% during the third 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 during the last quarter. Integrated Wealth Concepts LLC lifted its stake 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 purchasing an additional 3,301 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Sprott Focus Trust by 7.6% in the fourth quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 6,126 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Company Profile

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.