Sprott Focus Trust, Inc. $FUND Position Boosted by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its Sprott Focus Trust position by 15.4% in the first quarter, owning 802,431 shares valued at approximately $7.7 million, or 2.71% of the trust.
• Portfolio Manager W. Whitney George purchased 71,664 shares at an average price of $9.63, raising his direct ownership to 3.33 million shares. Company insiders collectively own 52.93% of the stock.
• Sprott Focus Trust raised its quarterly dividend to $0.1424, equivalent to an annualized $0.57 payout and a 5.5% yield. Shares opened at $10.42, near the 12-month high of $10.50.

Royal Bank of Canada increased its position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 15.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 802,431 shares of the financial services provider's stock after purchasing an additional 106,805 shares during the period. Royal Bank of Canada owned 2.71% of Sprott Focus Trust worth $7,655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $100,000 after buying an additional 2,300 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of Sprott Focus Trust by 203.4% in the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider's stock valued at $377,000 after acquiring an additional 33,815 shares during the last quarter. Raymond James Financial Inc. increased its holdings in shares of Sprott Focus Trust by 126.7% in the 3rd quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 25,425 shares during the last quarter. Sapient Capital LLC raised its position in shares of Sprott Focus Trust by 2.1% during the 4th quarter. Sapient Capital LLC now owns 80,823 shares of the financial services provider's stock valued at $705,000 after acquiring an additional 1,636 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its position in shares of Sprott Focus Trust by 14.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 200,923 shares of the financial services provider's stock valued at $1,744,000 after acquiring an additional 26,058 shares in the last quarter. 12.63% of the stock is owned by institutional investors.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 71,664 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was acquired at an average price of $9.63 per share, with a total value of $690,124.32. Following the transaction, the portfolio manager directly owned 3,326,193 shares in the company, valued at approximately $32,031,238.59. This represents a 2.20% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 52.93% of the company's stock.

Sprott Focus Trust Stock Performance

Shares of FUND opened at $10.42 on Tuesday. The business's fifty day moving average price is $9.87 and its 200 day moving average price is $9.83. Sprott Focus Trust, Inc. has a 12-month low of $7.68 and a 12-month high of $10.50.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were given a $0.1424 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date was Friday, June 12th. This is an increase from Sprott Focus Trust's previous quarterly dividend of $0.13.

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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