Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.76 and traded as low as $7.32. Sprott Focus Trust shares last traded at $7.32, with a volume of 61,812 shares.
Sprott Focus Trust Stock Performance
The firm has a 50-day moving average of $7.90 and a two-hundred day moving average of $7.76.
Sprott Focus Trust Announces Dividend
The firm also recently disclosed a -- dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.2161 dividend. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend is Friday, December 13th.
Institutional Trading of Sprott Focus Trust
A number of institutional investors and hedge funds have recently added to or reduced their stakes in FUND. Sanctuary Advisors LLC acquired a new stake in Sprott Focus Trust during the second quarter valued at approximately $1,226,000. Shaker Financial Services LLC boosted its stake in Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider's stock valued at $7,466,000 after buying an additional 92,476 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its position 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 acquiring an additional 50,485 shares during the period. Wolverine Asset Management LLC raised its stake 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 acquiring an additional 6,198 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its holdings 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 during the period. Institutional investors own 12.63% of the company's stock.
About Sprott Focus Trust
(
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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