Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George Purchases 106,939 Shares

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction on Monday, December 30th. The stock was bought at an average price of $7.27 per share, with a total value of $777,446.53. Following the purchase, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Sprott Focus Trust Trading Up 0.3 %

Shares of Sprott Focus Trust stock traded up $0.02 on Thursday, reaching $7.34. The stock had a trading volume of 36,212 shares, compared to its average volume of 34,899. The business’s 50 day moving average is $7.80 and its two-hundred day moving average is $7.74. Sprott Focus Trust, Inc. has a 1 year low of $7.21 and a 1 year high of $8.23.

Sprott Focus Trust Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.2161 dividend. This represents a yield of 7.5%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC boosted its stake in Sprott Focus Trust by 392.5% during 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 buying an additional 50,485 shares during the period. Captrust Financial Advisors raised its holdings in shares of Sprott Focus Trust by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of Sprott Focus Trust by 4.8% during 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 acquiring an additional 6,198 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Sprott Focus Trust during the 2nd quarter valued at about $1,226,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Sprott Focus Trust by 1.0% during the third 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 in the last quarter. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

About Sprott Focus Trust

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.