Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.74 and traded as low as $7.65. Sprott Focus Trust shares last traded at $7.65, with a volume of 52,196 shares.
Sprott Focus Trust Price Performance
The business has a 50-day simple moving average of $7.70 and a 200-day simple moving average of $7.74.
Sprott Focus Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.1301 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.75%. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, September 16th.
Insider Transactions at Sprott Focus Trust
Institutional Trading of Sprott Focus Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 9258 Wealth Management LLC purchased a new position in shares of Sprott Focus Trust during the 1st quarter worth approximately $87,000. Blue Bell Private Wealth Management LLC lifted its stake in shares of 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 during the period. Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 4.8% during 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. Sanctuary Advisors LLC acquired a new position in Sprott Focus Trust during the second quarter worth about $1,226,000. Finally, Cetera Advisors LLC purchased a new position in Sprott Focus Trust in the first quarter valued at about $1,867,000. 12.63% of the stock is owned by hedge funds and other institutional investors.
Sprott Focus Trust Company Profile
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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