Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Buys $53,337.13 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Rating) Portfolio Manager W Whitney George purchased 6,743 shares of the company’s stock in a transaction on Monday, January 24th. The stock was purchased at an average price of $7.91 per share, for a total transaction of $53,337.13. Following the purchase, the portfolio manager now directly owns 611,734 shares of the company’s stock, valued at approximately $4,838,815.94. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:FUND opened at $9.05 on Wednesday. The firm’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.64. Sprott Focus Trust, Inc. has a 52 week low of $7.84 and a 52 week high of $9.51.

The company also recently declared a quarterly dividend, which was paid on Friday, March 25th. Shareholders of record on Monday, March 14th were paid a $0.1359 dividend. The ex-dividend date of this dividend was Friday, March 11th. This represents a $0.54 annualized dividend and a dividend yield of 6.01%.

Several large investors have recently made changes to their positions in FUND. Advisor Group Holdings Inc. increased its stake in shares of Sprott Focus Trust by 58.0% in the third quarter. Advisor Group Holdings Inc. now owns 24,509 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 9,000 shares during the period. Creative Planning acquired a new stake in shares of Sprott Focus Trust in the third quarter valued at approximately $89,000. Royal Bank of Canada increased its stake in shares of Sprott Focus Trust by 18.2% during the third quarter. Royal Bank of Canada now owns 257,388 shares of the financial services provider’s stock valued at $2,134,000 after acquiring an additional 39,607 shares during the period. LPL Financial LLC increased its stake in shares of Sprott Focus Trust by 2,339.3% during the third quarter. LPL Financial LLC now owns 305,252 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 292,738 shares during the period. Finally, UBS Group AG increased its stake in shares of Sprott Focus Trust by 3.9% during the third quarter. UBS Group AG now owns 100,609 shares of the financial services provider’s stock valued at $835,000 after acquiring an additional 3,792 shares during the period. Institutional investors own 18.26% of the company’s stock.

About Sprott Focus Trust (Get Rating)

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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