Sprott Focus Trust (NASDAQ:FUND) Shares Pass Below Two Hundred Day Moving Average of $7.74

Sprott Focus Trust, Inc. (NASDAQ:FUND) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.74 and traded as low as $7.63. Sprott Focus Trust shares last traded at $7.66, with a volume of 58,800 shares.

Sprott Focus Trust Stock Performance

The business’s 50 day moving average price is $7.78 and its 200-day moving average price is $7.74.

Sprott Focus Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.1301 dividend. The ex-dividend date is Monday, September 16th. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 6.80%.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 15,621 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $7.39, for a total transaction of $115,439.19. Following the sale, the portfolio manager now directly owns 263,151 shares of the company’s stock, valued at approximately $1,944,685.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Sprott Inc. raised its holdings in Sprott Focus Trust by 3.1% during the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock worth $915,000 after buying an additional 3,397 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Sprott Focus Trust by 4.8% in the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after buying an additional 6,198 shares in the last quarter. 9258 Wealth Management LLC purchased a new stake in Sprott Focus Trust in the first quarter valued at approximately $87,000. Blue Bell Private Wealth Management LLC raised its stake in Sprott Focus Trust by 392.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 50,485 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Sprott Focus Trust by 10.2% during the second quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after acquiring an additional 92,476 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.