Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.75 and traded as low as $7.59. Sprott Focus Trust shares last traded at $7.60, with a volume of 37,376 shares.
Sprott Focus Trust Stock Down 1.0 %
The company has a fifty day simple moving average of $7.67 and a two-hundred day simple moving average of $7.75.
Sprott Focus Trust Announces Dividend
The business also recently declared a -- dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a $0.2161 dividend. This represents a yield of 7.5%. The ex-dividend date was Friday, December 13th.
Insiders Place Their Bets
In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 106,939 shares of Sprott Focus Trust stock in a transaction on Monday, December 30th. The shares were purchased at an average price of $7.27 per share, with a total value of $777,446.53. Following the acquisition, the portfolio manager now owns 7,813,063 shares in the company, valued at $56,800,968.01. This trade represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 50.59% of the company's stock.
Hedge Funds Weigh In On Sprott Focus Trust
A number of institutional investors have recently modified their holdings of the business. Sapient Capital LLC grew its position in Sprott Focus Trust by 3.0% in the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider's stock valued at $597,000 after acquiring an additional 2,345 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Sprott Focus Trust by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider's stock valued at $712,000 after purchasing an additional 3,028 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Sprott Focus Trust during the 2nd quarter valued at approximately $1,226,000. Finally, Integrated Wealth Concepts LLC increased its position in Sprott Focus Trust by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider's stock worth $2,538,000 after purchasing an additional 3,301 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company's stock.
Sprott Focus Trust Company Profile
(
Get Free Report)
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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