Insider Buying: Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Acquires 65,998 Shares of Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George purchased 65,998 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the purchase, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. The trade was a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Sprott Focus Trust Trading Down 0.3 %

FUND stock traded down $0.02 during midday trading on Tuesday, hitting $7.39. 27,421 shares of the company traded hands, compared to its average volume of 36,784. Sprott Focus Trust, Inc. has a twelve month low of $7.15 and a twelve month high of $8.23. The business has a 50 day simple moving average of $7.51 and a 200-day simple moving average of $7.65.

Sprott Focus Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a yield of 7.06%. The ex-dividend date of this dividend was Friday, March 14th.

Institutional Investors Weigh In On Sprott Focus Trust

Several hedge funds and other institutional investors have recently made changes to their positions in FUND. Sprott Inc. boosted its stake in Sprott Focus Trust by 2.3% during the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock valued at $108,080,000 after purchasing an additional 327,932 shares during the period. LPL Financial LLC boosted its position in shares of Sprott Focus Trust by 179.0% in the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock valued at $2,839,000 after acquiring an additional 248,980 shares during the period. Integrated Wealth Concepts LLC grew its stake 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 acquiring an additional 3,301 shares during the last quarter. 1607 Capital Partners LLC raised its stake in Sprott Focus Trust by 20.4% during the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock valued at $2,268,000 after purchasing an additional 52,590 shares during the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 38.8% in the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 52,645 shares during the period. 12.63% of the stock is owned by institutional investors and hedge funds.

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.