Sprott Focus Trust (NASDAQ:FUND) Share Price Crosses Below Two Hundred Day Moving Average of $8.20

Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Rating)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.20 and traded as low as $7.56. Sprott Focus Trust shares last traded at $7.57, with a volume of 18,524 shares changing hands.

Sprott Focus Trust Stock Up 0.1 %

The business has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $8.19.

Sprott Focus Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 24th. Stockholders of record on Monday, March 13th were given a dividend of $0.1254 per share. The ex-dividend date of this dividend was Friday, March 10th. This represents a $0.50 annualized dividend and a dividend yield of 6.57%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG boosted its position in Sprott Focus Trust by 1.4% during the first quarter. UBS Group AG now owns 113,308 shares of the financial services provider’s stock valued at $917,000 after purchasing an additional 1,610 shares during the last quarter. Cetera Investment Advisers boosted its position in Sprott Focus Trust by 1.1% during the first quarter. Cetera Investment Advisers now owns 218,645 shares of the financial services provider’s stock valued at $1,983,000 after purchasing an additional 2,478 shares during the last quarter. Snowden Capital Advisors LLC boosted its position in Sprott Focus Trust by 14.7% during the first quarter. Snowden Capital Advisors LLC now owns 20,797 shares of the financial services provider’s stock valued at $168,000 after purchasing an additional 2,665 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in Sprott Focus Trust by 13.1% during the first quarter. Cetera Advisor Networks LLC now owns 39,967 shares of the financial services provider’s stock valued at $363,000 after purchasing an additional 4,619 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Sprott Focus Trust by 24.2% during the first quarter. HighTower Advisors LLC now owns 23,852 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 4,650 shares during the last quarter. 14.15% of the stock is owned by institutional investors and hedge funds.

About Sprott Focus Trust

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Sprott Focus Trust, Inc is a closed-end diversified management investment company. It has an objective of long term capital growth. The company was founded on November 1, 1996 and is headquartered in New York, NY.