Essex Financial Services Inc. Lowers Stock Holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Essex Financial Services Inc. lowered its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 234,707 shares of the financial services provider’s stock after selling 2,403 shares during the period. Essex Financial Services Inc. owned 0.79% of Sprott Focus Trust worth $1,717,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sapient Capital LLC boosted its holdings in Sprott Focus Trust by 3.0% in the 4th quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 2,345 shares during the period. Captrust Financial Advisors raised its position in shares of Sprott Focus Trust by 3.4% in the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after buying an additional 3,028 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in Sprott Focus Trust by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after buying an additional 3,301 shares during the period. Hedge funds and other institutional investors own 12.63% of the company’s stock.

Insider Activity at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George purchased 106,939 shares of the business’s stock in a transaction on Monday, December 30th. The stock was acquired at an average price of $7.27 per share, with a total value of $777,446.53. Following the purchase, the portfolio manager now directly owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. This represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 50.59% of the stock is currently owned by insiders.

Sprott Focus Trust Stock Performance

Sprott Focus Trust stock opened at $7.73 on Wednesday. The business has a 50-day simple moving average of $7.59 and a 200 day simple moving average of $7.73. Sprott Focus Trust, Inc. has a 52 week low of $7.21 and a 52 week high of $8.23.

Sprott Focus Trust Announces Dividend

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

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.