Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below 200 Day Moving Average of $8.00

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.00 and traded as low as $7.53. Sprott Focus Trust shares last traded at $7.71, with a volume of 73,017 shares traded.

Sprott Focus Trust Price Performance

The firm’s 50-day moving average is $8.09 and its two-hundred day moving average is $8.00.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.1238 dividend. This represents a $0.50 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Thursday, September 14th. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.12.

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George sold 3,111 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $8.15, for a total value of $25,354.65. Following the sale, the portfolio manager now owns 330,754 shares in the company, valued at $2,695,645.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 48.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FUND. 9258 Wealth Management LLC purchased a new position in Sprott Focus Trust during the first quarter worth $82,000. Peapack Gladstone Financial Corp purchased a new position in Sprott Focus Trust during the first quarter worth $125,000. Snowden Capital Advisors LLC boosted its stake in Sprott Focus Trust by 14.7% during the first quarter. Snowden Capital Advisors LLC now owns 20,797 shares of the financial services provider’s stock worth $168,000 after buying an additional 2,665 shares during the period. Commonwealth Equity Services LLC purchased a new position in Sprott Focus Trust during the fourth quarter worth $191,000. Finally, HighTower Advisors LLC boosted its stake in Sprott Focus Trust by 24.2% during the first quarter. HighTower Advisors LLC now owns 23,852 shares of the financial services provider’s stock worth $218,000 after buying an additional 4,650 shares during the period. 12.54% of the stock is owned by hedge funds and other 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.