W Whitney George Purchases 106,939 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of $7.27 per share, with a total value of $777,446.53. Following the purchase, the portfolio manager now owns 7,813,063 shares of the company’s stock, valued at $56,800,968.01. This represents 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 Trading Up 0.3 %

Shares of FUND traded up $0.02 during mid-day trading on Thursday, reaching $7.34. The company’s stock had a trading volume of 36,212 shares, compared to its average volume of 34,899. Sprott Focus Trust, Inc. has a 52 week low of $7.21 and a 52 week high of $8.23. The company’s fifty day moving average price is $7.80 and its two-hundred day moving average price is $7.74.

Sprott Focus Trust Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of FUND. Integrated Wealth Concepts LLC boosted its holdings in Sprott Focus Trust by 1.0% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after acquiring an additional 3,301 shares during the period. Captrust Financial Advisors lifted its position in 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 valued at $712,000 after purchasing an additional 3,028 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Sprott Focus Trust during the second quarter valued at approximately $1,226,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Sprott Focus Trust by 392.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 50,485 shares during the last quarter. Finally, Shaker Financial Services LLC increased its stake in shares of Sprott Focus Trust by 10.2% in the second quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after buying an additional 92,476 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.