Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Buys $973,792.56 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) Portfolio Manager W Whitney George purchased 131,416 shares of the business's stock in a transaction on Monday, June 30th. The stock was acquired at an average price of $7.41 per share, with a total value of $973,792.56. Following the completion of the acquisition, the portfolio manager directly owned 3,166,625 shares in the company, valued at $23,464,691.25. The trade was a 4.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

W Whitney George also recently made the following trade(s):

• On Monday, June 30th, W Whitney George acquired 64,913 shares of Sprott Focus Trust stock. The shares were purchased at an average price of $7.41 per share, with a total value of $481,005.33.
• On Tuesday, June 3rd, W Whitney George sold 29,900 shares of Sprott Focus Trust stock. The stock was sold at an average price of $7.21, for a total value of $215,579.00.

Sprott Focus Trust Stock Up 0.8%

Sprott Focus Trust stock traded up $0.07 during trading on Thursday, reaching $7.75. 45,652 shares of the company's stock were exchanged, compared to its average volume of 40,795. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23. The company's 50-day moving average is $7.31 and its two-hundred day moving average is $7.34.

Sprott Focus Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.128 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.61%. The ex-dividend date was Friday, June 13th.

Hedge Funds Weigh In On Sprott Focus Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Waverly Advisors LLC acquired a new position in Sprott Focus Trust in the fourth quarter worth about $79,000. NewEdge Advisors LLC acquired a new position in shares of Sprott Focus Trust in the 4th quarter worth approximately $82,000. HighTower Advisors LLC acquired a new position in shares of Sprott Focus Trust in the 4th quarter worth approximately $144,000. Raymond James Financial Inc. bought a new stake in shares of Sprott Focus Trust in the 4th quarter valued at approximately $149,000. Finally, Level Four Advisory Services LLC raised its position in shares of Sprott Focus Trust by 9.0% during the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after acquiring an additional 1,951 shares in the last quarter. 12.63% of the stock is currently owned by hedge funds and other 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.