Sprott Focus Trust (NASDAQ:FUND) Stock Passes Below 200 Day Moving Average - Should You Sell?

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.68 and traded as low as $7.15. Sprott Focus Trust shares last traded at $7.19, with a volume of 96,759 shares changing hands.

Sprott Focus Trust Trading Down 0.3 %

The company's fifty day moving average price is $7.54 and its 200-day moving average price is $7.67.

Sprott Focus Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.1305 per share. The ex-dividend date is Friday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 7.18%.

Insider Activity

In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 106,939 shares of the stock in a transaction dated Monday, December 30th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the acquisition, the portfolio manager now owns 7,813,063 shares of the company's stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 50.59% of the company's stock.

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Hedge Funds Weigh In On Sprott Focus Trust

Several large investors have recently made changes to their positions in FUND. Sprott Inc. increased its position in shares of Sprott Focus Trust by 2.3% during the fourth quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock valued at $108,080,000 after acquiring an additional 327,932 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 valued at $2,839,000 after acquiring an additional 248,980 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Sprott Focus Trust by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider's stock valued at $2,538,000 after acquiring an additional 3,301 shares in the last quarter. 1607 Capital Partners LLC increased its position in shares of Sprott Focus Trust by 20.4% during the fourth quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider's stock valued at $2,268,000 after acquiring an additional 52,590 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its position in shares of Sprott Focus Trust by 38.8% during the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock valued at $1,379,000 after acquiring an additional 52,645 shares in the last quarter. 12.63% of the stock is currently 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.