Evolve Private Wealth LLC Makes New Investment in Sprott Focus Trust, Inc. $FUND

Evolve Private Wealth LLC bought a new position in Sprott Focus Trust, Inc. (NASDAQ:FUND) in the 2nd quarter, HoldingsChannel reports. The fund bought 146,028 shares of the financial services provider’s stock, valued at approximately $1,384,000.

Several other institutional investors and hedge funds have also made changes to their positions in FUND. Kestra Advisory Services LLC acquired a new position in Sprott Focus Trust in the fourth quarter worth $40,000. Advocate Investing Services LLC acquired a new stake in shares of Sprott Focus Trust during the fourth quarter worth $61,000. Hara Capital LLC acquired a new stake in shares of Sprott Focus Trust during the second quarter worth $80,000. Militia Capital Partners LP bought a new position in shares of Sprott Focus Trust in the 4th quarter worth about $113,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,300 shares during the period. 12.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George bought 71,664 shares of the stock in a transaction dated Monday, June 29th. The stock was bought at an average cost of $9.63 per share, with a total value of $690,124.32. Following the completion of the acquisition, the portfolio manager owned 3,326,193 shares of the company’s stock, valued at $32,031,238.59. This trade represents a 2.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 54.83% of the stock is currently owned by insiders.

Sprott Focus Trust Price Performance

NASDAQ FUND opened at $10.88 on Monday. Sprott Focus Trust, Inc. has a one year low of $7.97 and a one year high of $10.94. The company has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $9.91.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Friday, June 12th were paid a $0.1424 dividend. The ex-dividend date was Friday, June 12th. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 5.2%.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed?end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long?life assets, stable cash flow profiles and strong growth outlooks.