146,028 Shares in Sprott Focus Trust, Inc. $FUND Acquired by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC acquired 146,028 shares of Sprott Focus Trust valued at approximately $1.38 million, representing about 0.49% of the company.
• Institutional investors own 12.63% of Sprott Focus Trust, while insiders hold a substantial 54.83%; Portfolio Manager W. Whitney George recently purchased 71,664 additional shares.
• Sprott Focus Trust raised its quarterly dividend to $0.1424, equivalent to an annualized $0.57 payout and a 5.2% yield. Shares opened at $10.88, near the 12-month high of $10.94.

Evolve Private Wealth LLC purchased a new position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 146,028 shares of the financial services provider's stock, valued at approximately $1,384,000. Evolve Private Wealth LLC owned about 0.49% of Sprott Focus Trust at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada grew its stake in shares of Sprott Focus Trust by 15.4% in the first quarter. Royal Bank of Canada now owns 802,431 shares of the financial services provider's stock valued at $7,655,000 after buying an additional 106,805 shares in the last quarter. Militia Capital Partners LP purchased a new position in Sprott Focus Trust in the 4th quarter worth approximately $113,000. Kestra Advisory Services LLC acquired a new position in shares of Sprott Focus Trust during the fourth quarter worth $40,000. Wells Fargo & Company MN boosted its stake in shares of Sprott Focus Trust by 7.2% in the fourth quarter. Wells Fargo & Company MN now owns 105,640 shares of the financial services provider's stock valued at $917,000 after purchasing an additional 7,051 shares during the period. Finally, Advocate Investing Services LLC purchased a new position in shares of Sprott Focus Trust in the fourth quarter valued at $61,000. 12.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 71,664 shares of the stock in a transaction on Monday, June 29th. The stock was purchased at an average price of $9.63 per share, for a total transaction of $690,124.32. Following the purchase, the portfolio manager directly owned 3,326,193 shares in the company, valued at $32,031,238.59. This trade represents a 2.20% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 54.83% of the company's stock.

Sprott Focus Trust Stock Performance

Shares of FUND stock opened at $10.88 on Monday. The company's fifty day moving average price is $9.96 and its two-hundred day moving average price is $9.91. Sprott Focus Trust, Inc. has a 12 month low of $7.97 and a 12 month high of $10.94.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were issued a $0.1424 dividend. This is an increase from Sprott Focus Trust's previous quarterly dividend of $0.13. This represents a $0.57 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, June 12th.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.

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