Sprott Focus Trust (NASDAQ:FUND) Share Price Passes Below 200 Day Moving Average on Insider Selling

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) passed below its 200-day moving average during trading on Wednesday following insider selling activity. The stock has a 200-day moving average of $7.42 and traded as low as $7.35. Sprott Focus Trust shares last traded at $7.41, with a volume of 37,830 shares changing hands.

Specifically, Portfolio Manager W Whitney George sold 29,900 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $7.21, for a total transaction of $215,579.00. Following the sale, the portfolio manager now directly owns 250,600 shares in the company, valued at approximately $1,806,826. This trade represents a 10.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sprott Focus Trust Stock Up 1.1%

The company has a 50 day moving average price of $7.08 and a two-hundred day moving average price of $7.42.

Institutional Investors Weigh In On Sprott Focus Trust

Several large investors have recently bought and sold shares of FUND. NewEdge Advisors LLC boosted its holdings in shares of Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider's stock valued at $100,000 after acquiring an additional 2,300 shares during the last quarter. Royal Bank of Canada boosted its holdings in Sprott Focus Trust by 16.7% in 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. grew its position in Sprott Focus Trust by 1.0% in 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 period. LPL Financial LLC raised its stake in 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 valued at $3,214,000 after buying an additional 45,643 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its holdings 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 valued at $1,067,000 after buying an additional 10,322 shares during the period. 12.63% of the stock is currently 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.

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