Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Sprott Focus Trust, Inc. (NASDAQ:FUND) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.99 and traded as low as $9.54. Sprott Focus Trust shares last traded at $9.63, with a volume of 99,601 shares trading hands.

Sprott Focus Trust Price Performance

The business’s 50-day simple moving average is $9.99 and its 200-day simple moving average is $9.65.

Sprott Focus Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were paid a $0.1424 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 71,664 shares of the company’s stock in a transaction dated Monday, June 29th. The shares were acquired at an average cost of $9.63 per share, for a total transaction of $690,124.32. Following the completion of the purchase, the portfolio manager owned 3,326,193 shares of the company’s stock, valued at approximately $32,031,238.59. This trade represents a 2.20% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 52.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sapient Capital LLC raised its position in Sprott Focus Trust by 1.5% in the first quarter. Sapient Capital LLC now owns 82,018 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 1,195 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Sprott Focus Trust by 15.4% during the first quarter. Royal Bank of Canada now owns 802,431 shares of the financial services provider’s stock worth $7,655,000 after purchasing an additional 106,805 shares in the last quarter. Essex Financial Services Inc. boosted its position in Sprott Focus Trust by 0.5% in the 1st quarter. Essex Financial Services Inc. now owns 218,586 shares of the financial services provider’s stock valued at $2,085,000 after buying an additional 994 shares during the last quarter. Evolve Private Wealth LLC bought a new position in Sprott Focus Trust in the fourth quarter valued at about $1,310,000. Finally, Captrust Financial Advisors lifted its position in Sprott Focus Trust by 1.6% during the 4th quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock valued at $741,000 after purchasing an additional 1,309 shares during the period. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.