Insider Selling: Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Sells 29,900 Shares of Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) Portfolio Manager W Whitney George sold 29,900 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $7.21, for a total transaction of $215,579.00. Following the transaction, the portfolio manager now owns 250,600 shares in the company, valued at approximately $1,806,826. The trade was a 10.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, March 28th, W Whitney George purchased 65,998 shares of Sprott Focus Trust stock. The shares were bought at an average cost of $7.30 per share, with a total value of $481,785.40.

Sprott Focus Trust Stock Up 0.7%

Shares of FUND traded up $0.06 during mid-day trading on Friday, reaching $7.42. The company had a trading volume of 12,875 shares, compared to its average volume of 40,978. Sprott Focus Trust, Inc. has a fifty-two week low of $6.21 and a fifty-two week high of $8.23. The firm has a fifty day simple moving average of $7.08 and a 200-day simple moving average of $7.42.

Sprott Focus Trust Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.128 dividend. The ex-dividend date is Friday, June 13th.

Institutional Investors Weigh In On Sprott Focus Trust

A number of institutional investors have recently added to or reduced their stakes in FUND. Sprott Inc. grew its holdings in shares of Sprott Focus Trust by 1.0% during the 1st quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider's stock worth $110,652,000 after purchasing an additional 154,903 shares during the period. Royal Bank of Canada increased its position in shares of Sprott Focus Trust by 16.7% in the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider's stock worth $4,291,000 after acquiring an additional 82,892 shares in the last quarter. LPL Financial LLC raised its stake in shares of Sprott Focus Trust by 11.8% in the 1st quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider's stock valued at $3,214,000 after acquiring an additional 45,643 shares during the period. 1607 Capital Partners LLC lifted its holdings in shares of Sprott Focus Trust by 20.4% during the 4th quarter. 1607 Capital Partners LLC now owns 310,073 shares of the financial services provider's stock valued at $2,268,000 after acquiring an additional 52,590 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Sprott Focus Trust by 38.8% during the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock valued at $1,379,000 after acquiring an additional 52,645 shares in the last quarter. Hedge funds and other institutional investors own 12.63% of the company's stock.

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.