Sprott Focus Trust (NASDAQ:FUND) Stock Crosses Below 200 Day Moving Average - What's Next?

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.45 and traded as low as $7.04. Sprott Focus Trust shares last traded at $7.14, with a volume of 21,658 shares changing hands.

Sprott Focus Trust Price Performance

The stock has a 50 day moving average price of $7.09 and a 200-day moving average price of $7.44.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.1305 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.30%.

Insider Transactions at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George purchased 65,998 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were purchased at an average cost of $7.30 per share, with a total value of $481,785.40. Following the completion of the purchase, the portfolio manager now owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. This represents a 0.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 50.59% of the company's stock.

Institutional Trading of Sprott Focus Trust

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its stake in shares of Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $100,000 after acquiring an additional 2,300 shares during the last quarter. Royal Bank of Canada increased its position in Sprott Focus Trust by 16.7% during the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider's stock worth $4,291,000 after purchasing an additional 82,892 shares during the last quarter. Sprott Inc. increased its position in Sprott Focus Trust by 1.0% during the first quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider's stock worth $110,652,000 after purchasing an additional 154,903 shares during the last quarter. LPL Financial LLC raised its stake in Sprott Focus Trust by 11.8% during the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider's stock worth $3,214,000 after purchasing an additional 45,643 shares during the period. Finally, Blue Bell Private Wealth Management LLC boosted its holdings in Sprott Focus Trust by 7.7% in the 1st quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 10,322 shares during the last quarter. Hedge funds and other institutional investors 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.