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

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

Sprott Focus Trust Stock Up 0.3 %

Shares of FUND stock opened at $7.34 on Friday. Sprott Focus Trust, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $8.23. The stock’s 50-day moving average is $7.80 and its two-hundred day moving average is $7.73.

Sprott Focus Trust Dividend Announcement

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

Institutional Trading of Sprott Focus Trust

Institutional investors have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC increased its stake in shares of Sprott Focus Trust by 392.5% during 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 during the last quarter. Captrust Financial Advisors boosted its holdings in Sprott Focus Trust by 3.4% in the third 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 in the last quarter. Wolverine Asset Management LLC boosted its holdings 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 worth $1,009,000 after purchasing an additional 6,198 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Sprott Focus Trust during the second quarter valued at about $1,226,000. Finally, Integrated Wealth Concepts LLC lifted its position in shares of 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. 12.63% of the stock is currently owned by institutional investors and hedge funds.

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.