W Whitney George Sells 15,621 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 15,621 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $7.39, for a total transaction of $115,439.19. Following the sale, the portfolio manager now owns 263,151 shares of the company’s stock, valued at approximately $1,944,685.89. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sprott Focus Trust Stock Performance

Shares of NASDAQ FUND remained flat at $7.48 during mid-day trading on Wednesday. 15,340 shares of the stock were exchanged, compared to its average volume of 29,235. The firm’s fifty day moving average is $7.68 and its 200-day moving average is $7.74. Sprott Focus Trust, Inc. has a one year low of $6.75 and a one year high of $8.47.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were paid a dividend of $0.1299 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, June 14th. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Institutional Trading of Sprott Focus Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sprott Inc. increased its holdings in Sprott Focus Trust by 3.1% in the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after buying an additional 3,397 shares during the period. Blue Bell Private Wealth Management LLC bought a new stake in Sprott Focus Trust during the 4th quarter worth approximately $28,000. 9258 Wealth Management LLC bought a new stake in Sprott Focus Trust during the 1st quarter worth approximately $87,000. Wolverine Asset Management LLC grew its holdings in Sprott Focus Trust by 1,015.9% during the 4th quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 53,241 shares during the last quarter. Finally, Sapient Capital LLC bought a new stake in Sprott Focus Trust during the 4th quarter worth approximately $668,000. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.