Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Rating) Portfolio Manager W Whitney George purchased 5,800 shares of the business’s stock in a transaction on Tuesday, October 4th. The shares were bought at an average price of $7.28 per share, with a total value of $42,224.00. Following the purchase, the portfolio manager now directly owns 66,267 shares in the company, valued at approximately $482,423.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
W Whitney George also recently made the following trade(s):
- On Thursday, October 6th, W Whitney George bought 7,410 shares of Sprott Focus Trust stock. The stock was acquired at an average price of $7.22 per share, for a total transaction of $53,500.20.
Sprott Focus Trust Price Performance
Shares of NASDAQ FUND traded down $0.10 during midday trading on Thursday, reaching $7.20. The company’s stock had a trading volume of 43,270 shares, compared to its average volume of 43,832. Sprott Focus Trust, Inc. has a 12-month low of $6.75 and a 12-month high of $9.51. The firm has a 50 day moving average price of $7.77 and a 200-day moving average price of $8.17.
Sprott Focus Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Monday, September 12th were issued a dividend of $0.1334 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $0.53 dividend on an annualized basis and a yield of 7.41%.
Institutional Investors Weigh In On Sprott Focus Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LPL Financial LLC grew its position in Sprott Focus Trust by 94.6% in the fourth quarter. LPL Financial LLC now owns 594,144 shares of the financial services provider’s stock worth $5,110,000 after acquiring an additional 288,892 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Sprott Focus Trust during the second quarter valued at about $2,048,000. Shaker Financial Services LLC raised its stake in shares of Sprott Focus Trust by 119.0% during the first quarter. Shaker Financial Services LLC now owns 341,137 shares of the financial services provider’s stock valued at $3,094,000 after acquiring an additional 185,375 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Sprott Focus Trust by 16.5% during the first quarter. Royal Bank of Canada now owns 360,804 shares of the financial services provider’s stock valued at $3,272,000 after acquiring an additional 51,227 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its stake in shares of Sprott Focus Trust by 39.2% during the first quarter. Advisor Group Holdings Inc. now owns 51,993 shares of the financial services provider’s stock valued at $472,000 after acquiring an additional 14,643 shares during the last quarter. Institutional investors own 14.15% 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.
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Read More: W Whitney George Purchases 5,800 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock