Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 0.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,209 shares of the financial services provider’s stock after selling 2,057 shares during the period. Cetera Investment Advisers’ holdings in Sprott Focus Trust were worth $1,752,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in FUND. Blue Bell Private Wealth Management LLC increased 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 purchasing an additional 50,485 shares during the last quarter. Shaker Financial Services LLC increased its stake in 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 valued at $7,466,000 after purchasing an additional 92,476 shares during the last quarter. Wolverine Asset Management LLC increased 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. Cetera Advisors LLC purchased a new position in Sprott Focus Trust in the first quarter valued at approximately $1,867,000. Finally, 9258 Wealth Management LLC purchased a new position in Sprott Focus Trust in the first quarter valued at approximately $87,000. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Trading Up 0.2 %

Shares of Sprott Focus Trust stock opened at $7.73 on Tuesday. Sprott Focus Trust, Inc. has a 52 week low of $6.75 and a 52 week high of $8.11. The firm’s 50 day moving average is $7.71 and its two-hundred day moving average is $7.73.

Sprott Focus Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.1301 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.73%.

Insider Transactions at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George sold 26,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $7.58, for a total transaction of $197,080.00. Following the transaction, the portfolio manager now directly owns 321,114 shares in the company, valued at approximately $2,434,044.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 48.90% 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.