Insider Buying: Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Purchases $777,446.53 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the transaction, the portfolio manager now owns 7,813,063 shares in the company, valued at $56,800,968.01. The trade was a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sprott Focus Trust Price Performance

NASDAQ:FUND opened at $7.42 on Friday. Sprott Focus Trust, Inc. has a fifty-two week low of $7.21 and a fifty-two week high of $8.23. The business has a 50 day moving average price of $7.79 and a 200-day moving average price of $7.74.

Sprott Focus Trust Announces Dividend

The company also recently declared a — dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were issued a $0.2161 dividend. This represents a yield of 7.5%. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On Sprott Focus Trust

Several hedge funds and other institutional investors have recently modified their holdings of FUND. Blue Bell Private Wealth Management LLC increased its holdings in Sprott Focus Trust by 392.5% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after purchasing an additional 50,485 shares during the period. Captrust Financial Advisors grew its position in shares of Sprott Focus Trust by 3.4% in the 3rd 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 during the last quarter. Wolverine Asset Management LLC increased its stake in shares of Sprott Focus Trust by 4.8% during the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after buying an additional 6,198 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Sprott Focus Trust during the second quarter valued at approximately $1,226,000. Finally, Integrated Wealth Concepts LLC lifted its stake in 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 period. 12.63% of the stock is owned by institutional investors.

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.