Sprott Focus Trust (NASDAQ:FUND) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price 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.

Sprott Focus Trust Stock Down 1.3%

The firm’s 50 day moving average is $10.06 and its 200 day moving average is $9.60.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Friday, June 12th will be issued a $0.1424 dividend. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. 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 6.1%.

Hedge Funds Weigh In On Sprott Focus Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new stake in shares of Sprott Focus Trust during the fourth quarter worth about $40,000. Advocate Investing Services LLC purchased a new position in Sprott Focus Trust during the 4th quarter valued at about $61,000. NewEdge Advisors LLC increased its holdings in Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 2,300 shares during the period. Militia Capital Partners LP bought a new position in Sprott Focus Trust during the 4th quarter valued at approximately $113,000. Finally, Osaic Holdings Inc. raised its position 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 last quarter. 12.63% of the stock is owned by institutional investors.

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.