Sanctuary Advisors LLC Takes $1.23 Million Position in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Sanctuary Advisors LLC bought a new position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 160,023 shares of the financial services provider’s stock, valued at approximately $1,226,000.

Other hedge funds have also added to or reduced their stakes in the company. Cetera Advisors LLC acquired a new position in Sprott Focus Trust in the 1st quarter valued at approximately $1,867,000. Shaker Financial Services LLC grew its stake in shares of Sprott Focus Trust by 10.2% in the second quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after purchasing an additional 92,476 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its holdings 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 purchasing an additional 50,485 shares during the period. 9258 Wealth Management LLC bought a new position in Sprott Focus Trust during the 1st quarter worth $87,000. Finally, Wolverine Asset Management LLC lifted its holdings in 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 worth $1,009,000 after buying an additional 6,198 shares during the period. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Portfolio Manager W Whitney George sold 26,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $7.58, for a total value of $197,080.00. Following the sale, the portfolio manager now directly owns 321,114 shares of the company’s stock, valued at approximately $2,434,044.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 48.90% of the company’s stock.

Sprott Focus Trust Trading Down 0.4 %

NASDAQ FUND opened at $7.65 on Friday. Sprott Focus Trust, Inc. has a 12 month low of $6.75 and a 12 month high of $8.11. The business’s 50-day moving average price is $7.70 and its two-hundred day moving average price is $7.74.

Sprott Focus Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.1301 per share. This represents a $0.52 dividend on an annualized basis and a yield of 6.80%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

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.