Sprott Focus Trust (NASDAQ:FUND) Shares Pass Below 200-Day Moving Average of $8.30

Shares of Sprott Focus Trust, Inc. (NASDAQ:FUNDGet Rating) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.30 and traded as low as $7.39. Sprott Focus Trust shares last traded at $7.44, with a volume of 38,975 shares traded.

Sprott Focus Trust Stock Performance

The stock’s 50 day moving average is $7.93 and its two-hundred day moving average is $8.28.

Sprott Focus Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Monday, September 12th will be paid a dividend of $0.1334 per share. The ex-dividend date is Friday, September 9th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 7.36%.

Hedge Funds Weigh In On Sprott Focus Trust

Several hedge funds have recently added to or reduced their stakes in FUND. Bank of America Corp DE increased its stake in Sprott Focus Trust by 17.4% in the fourth quarter. Bank of America Corp DE now owns 276,472 shares of the financial services provider’s stock valued at $2,377,000 after purchasing an additional 41,067 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Sprott Focus Trust by 94.6% during the fourth quarter. LPL Financial LLC now owns 594,144 shares of the financial services provider’s stock worth $5,110,000 after purchasing an additional 288,892 shares during the period. Cetera Investment Advisers lifted its holdings in Sprott Focus Trust by 6.8% in the fourth quarter. Cetera Investment Advisers now owns 216,167 shares of the financial services provider’s stock valued at $1,859,000 after acquiring an additional 13,676 shares during the period. Rothschild Investment Corp IL lifted its holdings in Sprott Focus Trust by 26.6% in the first quarter. Rothschild Investment Corp IL now owns 24,199 shares of the financial services provider’s stock valued at $219,000 after acquiring an additional 5,081 shares during the period. Finally, Advisor Group Holdings Inc. lifted its holdings in Sprott Focus Trust by 39.2% in the first quarter. Advisor Group Holdings Inc. now owns 51,993 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 14,643 shares during the period. 14.15% of the stock is currently owned by hedge funds and other institutional investors.

About Sprott Focus Trust

(Get Rating)

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.

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