Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) announced a dividend on Tuesday, June 3rd, NASDAQ Dividends reports. Shareholders 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 of this dividend is Friday, June 13th.
Sprott Focus Trust has decreased its dividend payment by an average of 11.1% annually over the last three years.
Sprott Focus Trust Stock Up 1.0%
FUND traded up $0.07 during midday trading on Friday, hitting $7.43. The company's stock had a trading volume of 23,598 shares, compared to its average volume of 41,139. Sprott Focus Trust has a 52-week low of $6.21 and a 52-week high of $8.23. The firm has a 50-day moving average price of $7.08 and a two-hundred day moving average price of $7.41.
Insider Transactions at Sprott Focus Trust
In other news, Portfolio Manager W Whitney George bought 65,998 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the acquisition, the portfolio manager now owns 7,866,341 shares of the company's stock, valued at $57,424,289.30. This trade represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 50.59% of the company's stock.
Institutional Trading of Sprott Focus Trust
An institutional investor recently raised its position in Sprott Focus Trust stock. Royal Bank of Canada lifted its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 16.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 579,065 shares of the financial services provider's stock after purchasing an additional 82,892 shares during the quarter. Royal Bank of Canada owned about 1.94% of Sprott Focus Trust worth $4,291,000 as of its most recent filing with the SEC. 12.63% of the stock is currently owned by institutional investors and hedge funds.
Sprott Focus Trust Company Profile
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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.
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