Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George Buys 131,416 Shares

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) Portfolio Manager W Whitney George bought 131,416 shares of the business's stock in a transaction that occurred on Monday, June 30th. The stock was bought at an average price of $7.41 per share, with a total value of $973,792.56. Following the completion of the transaction, the portfolio manager directly owned 3,166,625 shares of the company's stock, valued at $23,464,691.25. This represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, June 30th, W Whitney George bought 64,913 shares of Sprott Focus Trust stock. The stock was bought 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 transaction of $215,579.00.

Sprott Focus Trust Stock Up 0.8%

NASDAQ:FUND traded up $0.07 during midday trading on Friday, hitting $7.75. The company had a trading volume of 45,652 shares, compared to its average volume of 40,860. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23. The stock's fifty day moving average price is $7.33 and its 200-day moving average price is $7.34.

Sprott Focus Trust Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FUND. Waverly Advisors LLC bought a new stake in Sprott Focus Trust in the fourth quarter worth $79,000. NewEdge Advisors LLC bought a new stake in Sprott Focus Trust in the fourth quarter worth $82,000. HighTower Advisors LLC bought a new stake in Sprott Focus Trust in the fourth quarter worth $144,000. Raymond James Financial Inc. bought a new stake in Sprott Focus Trust in the fourth quarter worth $149,000. Finally, Level Four Advisory Services LLC lifted its stake in Sprott Focus Trust by 9.0% in the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock worth $172,000 after purchasing an additional 1,951 shares during the last quarter. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Company Profile

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.