Sprott Focus Trust (NASDAQ:FUND) Shares Cross Above 50-Day Moving Average of $6.93

Sprott Focus Trust (NASDAQ:FUND) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.93 and traded as high as $7.07. Sprott Focus Trust shares last traded at $7.07, with a volume of 500 shares changing hands.

The stock’s fifty day moving average is $6.93 and its 200-day moving average is $6.73.

In related news, Portfolio Manager W Whitney George purchased 16,929 shares of Sprott Focus Trust stock in a transaction dated Thursday, October 24th. The stock was bought at an average price of $6.80 per share, for a total transaction of $115,117.20. Following the completion of the acquisition, the portfolio manager now directly owns 6,006,671 shares of the company’s stock, valued at $40,845,362.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 36.90% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Sprott Focus Trust by 25.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,509 shares of the financial services provider’s stock valued at $105,000 after buying an additional 3,167 shares during the period. Doliver Advisors LP acquired a new position in shares of Sprott Focus Trust in the second quarter valued at approximately $113,000. Private Advisor Group LLC acquired a new position in shares of Sprott Focus Trust in the second quarter valued at approximately $116,000. NEXT Financial Group Inc acquired a new position in shares of Sprott Focus Trust in the second quarter valued at approximately $176,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Sprott Focus Trust by 39.5% in the second quarter. HighTower Advisors LLC now owns 35,673 shares of the financial services provider’s stock valued at $239,000 after buying an additional 10,100 shares during the period. Institutional investors own 19.31% of the company’s stock.

About Sprott Focus Trust (NASDAQ:FUND)

There is no company description available for Sprott Focus Trust Inc.

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