Sprott Focus Trust (NASDAQ:FUND) Stock Crosses Below 200-Day Moving Average - Here's Why

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s share price crossed 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.

Sprott Focus Trust Stock Down 0.3%

The business's 50 day moving average is $7.09 and its 200-day moving average is $7.43.

Sprott Focus Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid 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 bought 65,998 shares of the business's stock in a transaction dated Friday, March 28th. The shares were acquired at an average cost of $7.30 per share, with a total value of $481,785.40. Following the acquisition, the portfolio manager now directly owns 7,866,341 shares of the company's stock, valued at $57,424,289.30. The trade was a 0.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 50.59% of the company's stock.

Hedge Funds Weigh In On Sprott Focus Trust

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in 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 valued at $100,000 after buying an additional 2,300 shares during the period. Royal Bank of Canada boosted its stake in shares of Sprott Focus Trust by 16.7% during the 1st 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. boosted its stake in shares of Sprott Focus Trust by 1.0% during the 1st 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 boosted its stake in shares of Sprott Focus Trust by 11.8% during the 1st 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 last quarter. Finally, Blue Bell Private Wealth Management LLC boosted its stake in shares of Sprott Focus Trust by 7.7% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider's stock worth $1,067,000 after purchasing an additional 10,322 shares during the last quarter. 12.63% of the stock is owned by institutional investors and hedge funds.

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.