Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Buys $777,446.53 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George acquired 106,939 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of $7.27 per share, with a total value of $777,446.53. Following the completion of the acquisition, the portfolio manager now owns 7,813,063 shares in the company, valued at $56,800,968.01. This trade represents a 1.39 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sprott Focus Trust Price Performance

Sprott Focus Trust stock opened at $7.34 on Friday. The firm has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $7.73. Sprott Focus Trust, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $8.23.

Sprott Focus Trust Dividend Announcement

The firm also recently announced a — dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.2161 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 7.5%.

Institutional Trading of Sprott Focus Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC boosted its position in shares of Sprott Focus Trust by 392.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 50,485 shares during the period. Captrust Financial Advisors raised its stake in Sprott Focus Trust by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 3,028 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 4.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 6,198 shares during the period. Sanctuary Advisors LLC acquired a new stake in Sprott Focus Trust in the 2nd quarter worth $1,226,000. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Sprott Focus Trust by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 3,301 shares during the period. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Company Profile

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.