W Whitney George Acquires 65,998 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George bought 65,998 shares of Sprott Focus Trust stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $7.30 per share, with a total value of $481,785.40. Following the acquisition, the portfolio manager now directly owns 7,866,341 shares of the company’s stock, valued at approximately $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 Up 0.8 %

Shares of FUND opened at $7.45 on Thursday. The stock has a 50 day moving average price of $7.50 and a 200 day moving average price of $7.65. Sprott Focus Trust, Inc. has a one year low of $7.15 and a one year high of $8.23.

Sprott Focus Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.1305 dividend. This represents a $0.52 annualized dividend and a dividend yield of 7.01%. The ex-dividend date was Friday, March 14th.

Hedge Funds Weigh In On Sprott Focus Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sprott Inc. lifted its stake in Sprott Focus Trust by 2.3% in the 4th quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider’s stock worth $108,080,000 after purchasing an additional 327,932 shares in the last quarter. LPL Financial LLC lifted its position in Sprott Focus Trust by 179.0% during the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock worth $2,839,000 after buying an additional 248,980 shares in the last quarter. Hara Capital LLC acquired a new position in Sprott Focus Trust during the fourth quarter worth $582,000. Wolverine Asset Management LLC grew 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 buying an additional 52,645 shares in the last quarter. Finally, 1607 Capital Partners LLC increased its stake in shares of Sprott Focus Trust by 20.4% in the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider’s stock worth $2,268,000 after acquiring an additional 52,590 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.