Insider Selling: Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Sells 26,000 Shares of Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 26,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.58, for a total value of $197,080.00. Following the sale, the portfolio manager now directly owns 321,114 shares of the company’s stock, valued at $2,434,044.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Sprott Focus Trust Price Performance

FUND opened at $7.71 on Friday. The business has a 50 day simple moving average of $7.73 and a 200-day simple moving average of $7.74. Sprott Focus Trust, Inc. has a 12 month low of $6.75 and a 12 month high of $8.11.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.1301 dividend. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 6.75%. The ex-dividend date of this dividend was Monday, September 16th.

Institutional Trading of Sprott Focus Trust

Several hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC lifted its holdings in shares of Sprott Focus Trust by 10.2% in the 2nd quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock valued at $7,466,000 after buying an additional 92,476 shares during the period. Cetera Advisors LLC purchased a new position in Sprott Focus Trust in the 1st quarter valued at approximately $1,867,000. Sanctuary Advisors LLC purchased a new position in Sprott Focus Trust in the 2nd quarter valued at approximately $1,226,000. Wolverine Asset Management LLC increased its stake in Sprott Focus Trust by 4.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after purchasing an additional 6,198 shares in the last quarter. Finally, Sprott Inc. increased its stake in Sprott Focus Trust by 3.1% in the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 3,397 shares in the last quarter. 12.63% of the stock is 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.