Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.74 and traded as low as $7.30. Sprott Focus Trust shares last traded at $7.34, with a volume of 36,799 shares.

Sprott Focus Trust Stock Performance

The firm has a 50 day moving average of $7.83 and a 200-day moving average of $7.74.

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 Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its stake in shares of Sprott Focus Trust by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 3,301 shares during the period. Captrust Financial Advisors lifted its holdings in shares of Sprott Focus Trust by 3.4% during the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 3,028 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the 2nd quarter valued at $1,226,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Sprott Focus Trust by 392.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 50,485 shares during the last quarter. Finally, Shaker Financial Services LLC increased its position in shares of Sprott Focus Trust by 10.2% during the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after purchasing an additional 92,476 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.