Sprott Focus Trust (NASDAQ:FUND) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.57 and traded as low as $9.50. Sprott Focus Trust shares last traded at $9.74, with a volume of 30,440 shares traded.

Sprott Focus Trust Stock Down 2.1%

The stock has a 50 day moving average of $10.09 and a 200 day moving average of $9.57.

Sprott Focus Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.1424 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.57 dividend on an annualized basis and a yield of 5.8%. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sprott Inc. lifted its stake in Sprott Focus Trust by 1.5% in the fourth quarter. Sprott Inc. now owns 15,450,730 shares of the financial services provider’s stock valued at $134,112,000 after buying an additional 231,672 shares during the last quarter. Royal Bank of Canada grew 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 acquiring an additional 106,805 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Sprott Focus Trust by 18.7% in the 4th quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider’s stock worth $4,564,000 after acquiring an additional 82,782 shares during the period. Essex Financial Services Inc. increased its holdings in shares of 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 worth $2,085,000 after acquiring an additional 994 shares during the period. Finally, Blue Bell Private Wealth Management LLC lifted its position in Sprott Focus Trust by 14.9% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 200,923 shares of the financial services provider’s stock valued at $1,744,000 after purchasing an additional 26,058 shares during 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‐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.