Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Sprott Focus Trust, Inc. (NASDAQ:FUND)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.94 and traded as high as $9.97. Sprott Focus Trust shares last traded at $9.84, with a volume of 76,709 shares changing hands.

Sprott Focus Trust Stock Up 0.3%

The firm’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $9.70.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were paid a $0.1424 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Insider Activity

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 shares were acquired at an average cost of $9.63 per share, with a total value of $690,124.32. Following the acquisition, the portfolio manager directly owned 3,326,193 shares of the company’s stock, valued at approximately $32,031,238.59. The trade was a 2.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 52.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in Sprott Focus Trust during the fourth quarter valued at $40,000. Advocate Investing Services LLC purchased a new stake in shares of Sprott Focus Trust during the 4th quarter valued at about $61,000. NewEdge Advisors LLC lifted its holdings in shares of 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 during the last quarter. Militia Capital Partners LP bought a new position in shares of Sprott Focus Trust in the 4th quarter valued at about $113,000. Finally, Osaic Holdings Inc. grew its position in Sprott Focus Trust by 203.4% in the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 33,815 shares in the last quarter. 12.63% of the stock is owned by hedge funds and other institutional investors.

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.