Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.66 and traded as low as $7.36. Sprott Focus Trust shares last traded at $7.41, with a volume of 24,767 shares trading hands.
Sprott Focus Trust Stock Down 1.3 %
The stock has a fifty day simple moving average of $7.53 and a two-hundred day simple moving average of $7.65.
Sprott Focus Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Friday, March 14th.
Insider Buying and Selling at Sprott Focus Trust
In related news, Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $7.27 per share, for a total transaction of $777,446.53. Following the purchase, the portfolio manager now owns 7,813,063 shares in the company, valued at approximately $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. Company insiders own 50.59% of the company's stock.
Hedge Funds Weigh In On Sprott Focus Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sprott Inc. grew its stake 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 worth $108,080,000 after buying an additional 327,932 shares during the last quarter. LPL Financial LLC grew its position in Sprott Focus Trust by 179.0% during the 4th quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider's stock worth $2,839,000 after acquiring an additional 248,980 shares during the last quarter. Hara Capital LLC acquired a new position in Sprott Focus Trust in the 4th quarter worth about $582,000. Wolverine Asset Management LLC increased its holdings in Sprott Focus Trust by 38.8% in the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock worth $1,379,000 after purchasing an additional 52,645 shares in the last quarter. Finally, 1607 Capital Partners LLC raised its holdings in Sprott Focus Trust by 20.4% in the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider's stock valued at $2,268,000 after buying an additional 52,590 shares during the last quarter. Institutional investors 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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