Sprott Focus Trust (NASDAQ:FUND) Portfolio Manager Sells $243,764.00 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 29,800 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $8.18, for a total transaction of $243,764.00. Following the completion of the transaction, the portfolio manager directly owned 312,583 shares in the company, valued at $2,556,928.94. The trade was a 8.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

W Whitney George also recently made the following trade(s):

• On Monday, September 29th, W Whitney George bought 120,070 shares of Sprott Focus Trust stock. The shares were bought at an average cost of $8.18 per share, with a total value of $982,172.60.
• On Monday, September 29th, W Whitney George purchased 59,537 shares of Sprott Focus Trust stock. The stock was bought at an average cost of $8.18 per share, for a total transaction of $487,012.66.

Sprott Focus Trust Stock Performance

Shares of NASDAQ:FUND opened at $8.40 on Friday. Sprott Focus Trust, Inc. has a 12-month low of $6.21 and a 12-month high of $8.47. The business has a 50 day moving average of $8.08 and a 200-day moving average of $7.57.

Sprott Focus Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a $0.1274 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Monday, September 15th.

Institutional Investors Weigh In On Sprott Focus Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC grew its stake in shares of Sprott Focus Trust by 20.5% in the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,300 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Sprott Focus Trust by 203.4% during the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 33,815 shares in the last quarter. Hara Capital LLC increased its holdings in shares of Sprott Focus Trust by 2.1% during the second quarter. Hara Capital LLC now owns 69,126 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 1,430 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Sprott Focus Trust by 7.7% in the first quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider’s stock valued at $1,067,000 after buying an additional 10,322 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Sprott Focus Trust by 11.8% in the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider’s stock valued at $3,214,000 after buying an additional 45,643 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.