Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.49 and traded as low as $7.16. Sprott Focus Trust shares last traded at $7.27, with a volume of 95,688 shares.

Sprott Focus Trust Trading Up 1.7%

The business has a 50-day moving average of $7.12 and a 200-day moving average of $7.49.

Sprott Focus Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 7.18%. The ex-dividend date was Friday, March 14th.

Insider Buying and Selling at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George acquired 65,998 shares of the stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of $7.30 per share, with a total value of $481,785.40. Following the completion of the transaction, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. This represents a 0.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 50.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sprott Focus Trust

A number of institutional investors and hedge funds have recently made changes to their positions in FUND. LPL Financial LLC lifted its stake in Sprott Focus Trust by 179.0% during the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider's stock worth $2,839,000 after purchasing an additional 248,980 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Sprott Focus Trust in the fourth quarter valued at approximately $82,000. Sprott Inc. lifted its stake in Sprott Focus Trust by 2.3% in the fourth quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock valued at $108,080,000 after buying an additional 327,932 shares during the last quarter. Level Four Advisory Services LLC lifted its stake in Sprott Focus Trust by 9.0% in the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after buying an additional 1,951 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Sprott Focus Trust in the fourth quarter valued at approximately $149,000. 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.

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