Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND) crossed 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 changing hands.

Sprott Focus Trust Trading Up 1.0%

The stock has a fifty day simple moving average of $9.99 and a 200-day simple moving average of $9.65.

Sprott Focus Trust Increases Dividend

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

Insider Activity

In related news, Portfolio Manager W Whitney George bought 71,664 shares of the company’s stock in a transaction on Monday, June 29th. The shares were purchased at an average cost of $9.63 per share, for a total transaction of $690,124.32. Following the acquisition, the portfolio manager owned 3,326,193 shares of the company’s stock, valued at approximately $32,031,238.59. This represents a 2.20% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 52.93% of the stock is owned by company insiders.

Institutional Trading of Sprott Focus Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in FUND. Kestra Advisory Services LLC acquired a new position in shares of Sprott Focus Trust during the 4th quarter worth approximately $40,000. Advocate Investing Services LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter valued at approximately $61,000. NewEdge Advisors LLC grew its stake in shares of Sprott Focus Trust by 20.5% in the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,300 shares in the last quarter. Militia Capital Partners LP bought a new position in shares of Sprott Focus Trust in the fourth quarter valued at $113,000. Finally, Osaic Holdings Inc. increased its holdings in Sprott Focus Trust by 203.4% during the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after buying an additional 33,815 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors and hedge funds.

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.