W Whitney George Acquires 106,939 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the purchase, the portfolio manager now directly owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Sprott Focus Trust Trading Up 1.1 %

Shares of Sprott Focus Trust stock opened at $7.42 on Friday. The business’s fifty day simple moving average is $7.79 and its 200 day simple moving average is $7.73. Sprott Focus Trust, Inc. has a 12 month low of $7.21 and a 12 month high of $8.23.

Sprott Focus Trust Dividend Announcement

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

Hedge Funds Weigh In On Sprott Focus Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Blue Bell Private Wealth Management LLC boosted its stake in 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 last quarter. 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 worth $712,000 after purchasing an additional 3,028 shares during the period. Wolverine Asset Management LLC lifted its stake in Sprott Focus Trust by 4.8% in 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 purchasing an additional 6,198 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Sprott Focus Trust during the second quarter valued at $1,226,000. Finally, Integrated Wealth Concepts LLC increased its position in Sprott Focus Trust by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 3,301 shares during the last quarter. Institutional investors own 12.63% of the company’s stock.

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.