Ashton Thomas Private Wealth LLC Sells 62,190 Shares of San Juan Basin Royalty Trust $SJT

Key Points

• Ashton Thomas Private Wealth LLC reduced its stake in San Juan Basin Royalty Trust by 8.9%, selling 62,190 shares, leaving it with 639,243 shares valued at approximately $3.54 million.
• Other hedge funds have increased their positions in San Juan Basin Royalty Trust, with Principia Wealth Advisory LLC raising its holdings by an astonishing 3,003.3% during the same period.
• As of the latest update, shares of San Juan Basin Royalty Trust are trading at $5.82, showing a slight increase of 0.6%.

Ashton Thomas Private Wealth LLC reduced its holdings in shares of San Juan Basin Royalty Trust (NYSE:SJT - Free Report) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 639,243 shares of the oil and gas producer's stock after selling 62,190 shares during the period. Ashton Thomas Private Wealth LLC owned 1.37% of San Juan Basin Royalty Trust worth $3,535,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter worth about $35,000. Westfuller Advisors LLC acquired a new stake in San Juan Basin Royalty Trust during the 1st quarter worth about $63,000. Morse Asset Management Inc acquired a new stake in shares of San Juan Basin Royalty Trust in the 4th quarter valued at about $66,000. Fonville Wealth Management LLC acquired a new stake in shares of San Juan Basin Royalty Trust in the 1st quarter valued at about $102,000. Finally, Welch Group LLC acquired a new stake in shares of San Juan Basin Royalty Trust in the 1st quarter valued at about $121,000. 10.42% of the stock is currently owned by institutional investors and hedge funds.

San Juan Basin Royalty Trust Stock Performance

Shares of SJT traded down $0.01 during trading hours on Friday, hitting $5.78. The stock had a trading volume of 70,878 shares, compared to its average volume of 196,432. The firm has a 50 day simple moving average of $5.86 and a 200-day simple moving average of $5.86. San Juan Basin Royalty Trust has a 1-year low of $3.33 and a 1-year high of $7.22.

San Juan Basin Royalty Trust Profile

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest in Southland's oil and natural gas interests in properties located in the San Juan Basin in northwestern New Mexico. It also owns subject interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net-producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico.