Sprott Focus Trust, Inc. Plans Dividend of $0.13 (NASDAQ:FUND)

Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) announced a dividend on Tuesday, June 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.128 per share by the financial services provider on Monday, June 30th. The ex-dividend date is Friday, June 13th.

Sprott Focus Trust has decreased its dividend by an average of 11.1% annually over the last three years.

Sprott Focus Trust Trading Up 0.8%

FUND stock traded up $0.06 during mid-day trading on Friday, hitting $7.42. 16,339 shares of the stock were exchanged, compared to its average volume of 40,985. The business has a fifty day moving average price of $7.08 and a 200 day moving average price of $7.42. Sprott Focus Trust has a 12 month low of $6.21 and a 12 month high of $8.23.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George sold 29,900 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $7.21, for a total transaction of $215,579.00. Following the transaction, the portfolio manager now directly owns 250,600 shares in the company, valued at $1,806,826. This trade represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 50.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprott Focus Trust

A hedge fund recently raised its stake in Sprott Focus Trust stock. NewEdge Advisors LLC boosted its stake in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 20.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,500 shares of the financial services provider's stock after purchasing an additional 2,300 shares during the period. NewEdge Advisors LLC's holdings in Sprott Focus Trust were worth $100,000 at the end of the most recent reporting period. 12.63% of the stock is currently owned by institutional investors and hedge funds.

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.