W Whitney George Acquires 65,998 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George purchased 65,998 shares of the business’s stock in a transaction on Friday, March 28th. The stock was purchased at an average cost of $7.30 per share, with a total value of $481,785.40. Following the completion of the acquisition, the portfolio manager now owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Sprott Focus Trust Trading Down 0.3 %

Shares of FUND stock opened at $7.39 on Wednesday. Sprott Focus Trust, Inc. has a 52-week low of $7.15 and a 52-week high of $8.23. The business’s fifty day moving average is $7.51 and its 200 day moving average is $7.65.

Sprott Focus Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a dividend yield of 7.06%. The ex-dividend date was Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Level Four Advisory Services LLC lifted its position in Sprott Focus Trust by 9.0% during the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock valued at $172,000 after purchasing an additional 1,951 shares during the last quarter. Sapient Capital LLC lifted its holdings in shares of Sprott Focus Trust by 3.0% during the 4th quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock worth $597,000 after acquiring an additional 2,345 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of 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 worth $712,000 after acquiring an additional 3,028 shares during the last quarter. Integrated Wealth Concepts LLC grew 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 acquiring an additional 3,301 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Sprott Focus Trust by 7.6% in the fourth quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 6,126 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors.

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.