Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Sells $197,080.00 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.58, for a total transaction of $197,080.00. Following the completion of the transaction, the portfolio manager now directly owns 321,114 shares of the company’s stock, valued at $2,434,044.12. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Sprott Focus Trust Price Performance

Shares of FUND stock opened at $7.68 on Friday. The company’s fifty day simple moving average is $7.74 and its two-hundred day simple moving average is $7.74. Sprott Focus Trust, Inc. has a 1 year low of $6.75 and a 1 year high of $8.11.

Sprott Focus Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.1301 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.78%. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, September 16th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sprott Inc. increased its position in shares of Sprott Focus Trust by 3.1% during the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after buying an additional 3,397 shares during the period. Wolverine Asset Management LLC grew its stake in Sprott Focus Trust by 4.8% during the second 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 in the last quarter. 9258 Wealth Management LLC bought a new stake in Sprott Focus Trust during the 1st quarter worth approximately $87,000. Blue Bell Private Wealth Management LLC lifted its stake in Sprott Focus Trust by 392.5% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 50,485 shares in the last quarter. Finally, Shaker Financial Services LLC boosted its holdings in Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock valued at $7,466,000 after purchasing an additional 92,476 shares during the period. Institutional investors 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.