Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday after an insider sold shares in the company. 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 Sprott Focus Trust stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $7.21, for a total transaction of $215,579.00. Following the sale, the portfolio manager now owns 250,600 shares in the company, valued at $1,806,826. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sprott Focus Trust Stock Performance
The stock's 50 day simple moving average is $7.08 and its two-hundred day simple moving average is $7.41.
Sprott Focus Trust Announces Dividend
The firm also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.128 per share. The ex-dividend date of this dividend is Friday, June 13th.
Institutional Investors Weigh In On Sprott Focus Trust
A number of institutional investors have recently bought and sold shares of the business. Waverly Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter valued at $79,000. NewEdge Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter valued at $82,000. HighTower Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter valued at $144,000. Raymond James Financial Inc. acquired a new stake in shares of Sprott Focus Trust in the 4th quarter valued at $149,000. Finally, Level Four Advisory Services LLC boosted its stake in shares of Sprott Focus Trust by 9.0% in the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 1,951 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company's stock.
About Sprott Focus Trust
(
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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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