Sprott Focus Trust (NASDAQ:FUND) Shares Cross Below 200-Day Moving Average of $0.00

Sprott Focus Trust (NASDAQ:FUND)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $6.56. Sprott Focus Trust shares last traded at $6.56, with a volume of 300 shares changing hands.

The company’s fifty day simple moving average is $6.73.

In related news, Portfolio Manager W Whitney George purchased 24,409 shares of the business’s stock in a transaction dated Tuesday, May 21st. The shares were acquired at an average cost of $6.67 per share, for a total transaction of $162,808.03. Following the acquisition, the portfolio manager now owns 5,700,422 shares of the company’s stock, valued at approximately $38,021,814.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 187,513 shares of company stock worth $1,241,034 over the last quarter. Company insiders own 36.90% of the company’s stock.



Hedge funds have recently made changes to their positions in the stock. Doliver Advisors LP purchased a new position in Sprott Focus Trust during the 2nd quarter worth $113,000. Private Advisor Group LLC purchased a new position in Sprott Focus Trust during the 2nd quarter worth $116,000. NEXT Financial Group Inc purchased a new position in Sprott Focus Trust during the 2nd quarter worth $176,000. HighTower Advisors LLC grew its stake in Sprott Focus Trust by 39.5% during the 2nd quarter. HighTower Advisors LLC now owns 35,673 shares of the financial services provider’s stock worth $239,000 after buying an additional 10,100 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new position in Sprott Focus Trust during the 4th quarter worth $465,000. Hedge funds and other institutional investors own 20.19% of the company’s stock.

About Sprott Focus Trust (NASDAQ:FUND)

There is no company description available for Sprott Focus Trust Inc.

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