Sprott Focus Trust, Inc. (NASDAQ:FUND - Get Free Report) Portfolio Manager W Whitney George acquired 65,998 shares of the business's stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the acquisition, the portfolio manager now directly owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. The trade was a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Sprott Focus Trust Price Performance
Shares of Sprott Focus Trust stock traded down $0.49 during mid-day trading on Friday, hitting $6.62. 148,624 shares of the stock were exchanged, compared to its average volume of 37,187. The company has a 50-day simple moving average of $7.47 and a 200 day simple moving average of $7.64. Sprott Focus Trust, Inc. has a 12 month low of $6.59 and a 12 month high of $8.23.
Sprott Focus Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.1305 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.89%.
Institutional Investors Weigh In On Sprott Focus Trust
Large investors have recently made changes to their positions in the business. Waverly Advisors LLC bought a new stake in Sprott Focus Trust in the fourth quarter worth about $79,000. NewEdge Advisors LLC purchased a new position in Sprott Focus Trust in the fourth quarter valued at approximately $82,000. HighTower Advisors LLC bought a new position in Sprott Focus Trust during the fourth quarter valued at $144,000. Raymond James Financial Inc. purchased a new stake in Sprott Focus Trust in the fourth quarter worth $149,000. Finally, Level Four Advisory Services LLC raised its stake in shares of Sprott Focus Trust by 9.0% in the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after buying an additional 1,951 shares during the period. 12.63% of the stock is owned by hedge funds and other institutional investors.
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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