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

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

Sprott Focus Trust Stock Performance

FUND opened at $7.42 on Friday. Sprott Focus Trust, Inc. has a 52 week low of $7.21 and a 52 week high of $8.23. The business has a 50 day moving average of $7.79 and a 200-day moving average of $7.74.

Sprott Focus Trust Announces Dividend

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

Institutional Trading of Sprott Focus Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC lifted its position in 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 valued at $474,000 after acquiring an additional 50,485 shares during the period. Captrust Financial Advisors increased its stake in shares of Sprott Focus Trust by 3.4% during the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Sprott Focus Trust by 4.8% during 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 stake in shares of Sprott Focus Trust in the 2nd quarter worth approximately $1,226,000. Finally, Integrated Wealth Concepts LLC grew its stake in shares of Sprott Focus Trust by 1.0% in the 3rd 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 owned by hedge funds and other 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.