Sprott Focus Trust (NASDAQ:FUND) Stock Passes Above 50 Day Moving Average – Time to Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.89 and traded as high as $9.92. Sprott Focus Trust shares last traded at $9.83, with a volume of 20,156 shares trading hands.

Sprott Focus Trust Trading Down 0.3%

The stock’s 50-day moving average price is $9.89 and its 200-day moving average price is $9.74.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were issued a $0.1424 dividend. The ex-dividend date was Friday, June 12th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a yield of 5.8%.

Insider Buying and Selling

In other news, Portfolio Manager W Whitney George acquired 71,664 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was purchased at an average price of $9.63 per share, for a total transaction of $690,124.32. Following the completion of the acquisition, the portfolio manager directly owned 3,326,193 shares in the company, valued at $32,031,238.59. The trade was a 2.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 52.93% of the company’s stock.

Institutional Trading of Sprott Focus Trust

Several hedge funds have recently bought and sold shares of FUND. Kestra Advisory Services LLC bought a new position in shares of Sprott Focus Trust in the fourth quarter valued at $40,000. Advocate Investing Services LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter worth about $61,000. Militia Capital Partners LP acquired a new stake in shares of Sprott Focus Trust in the 4th quarter worth about $113,000. NewEdge Advisors LLC lifted its position in Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in Sprott Focus Trust by 126.7% during the 3rd quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider’s stock valued at $378,000 after purchasing an additional 25,425 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.