Sprott Focus Trust (NASDAQ:FUND) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.60 and traded as low as $9.40. Sprott Focus Trust shares last traded at $9.40, with a volume of 17,723 shares changing hands.

Sprott Focus Trust Stock Down 1.3%

The company has a fifty day moving average of $10.06 and a two-hundred day moving average of $9.60.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Friday, June 12th will be given a $0.1424 dividend. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, June 12th.

Institutional Trading of Sprott Focus Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sprott Inc. grew its position in shares of 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 purchasing an additional 231,672 shares during the last quarter. Evolve Private Wealth LLC acquired a new position in shares of Sprott Focus Trust during the 4th quarter worth about $1,310,000. Royal Bank of Canada lifted its position in shares of Sprott Focus Trust by 15.4% during the 1st 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 during the last quarter. LPL Financial LLC boosted its stake in Sprott Focus Trust by 18.7% during the 4th quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider’s stock valued at $4,564,000 after purchasing an additional 82,782 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Sprott Focus Trust by 203.4% during the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 33,815 shares during the period. 12.63% of the stock is currently owned by institutional investors and hedge funds.

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.