Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) Portfolio Manager W Whitney George sold 29,800 shares of Sprott Focus Trust stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $8.18, for a total transaction of $243,764.00. Following the sale, the portfolio manager directly owned 312,583 shares of the company's stock, valued at $2,556,928.94. This represents a 8.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
W Whitney George also recently made the following trade(s):
- On Monday, September 29th, W Whitney George purchased 120,070 shares of Sprott Focus Trust stock. The stock was purchased at an average cost of $8.18 per share, with a total value of $982,172.60.
- On Monday, September 29th, W Whitney George acquired 59,537 shares of Sprott Focus Trust stock. The stock was bought at an average cost of $8.18 per share, for a total transaction of $487,012.66.
Sprott Focus Trust Trading Up 0.1%
NASDAQ:FUND traded up $0.01 on Wednesday, hitting $8.32. 15,315 shares of the company's stock were exchanged, compared to its average volume of 37,469. The firm has a 50-day moving average price of $8.05 and a 200-day moving average price of $7.55. Sprott Focus Trust, Inc. has a 52 week low of $6.21 and a 52 week high of $8.43.
Sprott Focus Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.1274 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date was Monday, September 15th.
Institutional Trading of Sprott Focus Trust
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sprott Inc. lifted 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 acquiring an additional 154,903 shares during the period. Royal Bank of Canada raised its stake in shares of Sprott Focus Trust by 16.7% during the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider's stock valued at $4,291,000 after acquiring an additional 82,892 shares during the last quarter. Shaker Financial Services LLC raised its stake in shares of Sprott Focus Trust by 44.9% during the second quarter. Shaker Financial Services LLC now owns 459,701 shares of the financial services provider's stock valued at $3,439,000 after acquiring an additional 142,553 shares during the last quarter. LPL Financial LLC increased its position in shares of Sprott Focus Trust by 11.8% during the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider's stock worth $3,214,000 after buying an additional 45,643 shares during the period. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Sprott Focus Trust by 7.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider's stock worth $1,067,000 after buying an additional 10,322 shares during the period. Institutional investors own 12.63% of the company's stock.
About Sprott Focus Trust
(
Get Free Report)
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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