NewEdge Advisors LLC Acquires Shares of 11,200 Sprott Focus Trust, Inc. (NASDAQ:FUND)

NewEdge Advisors LLC bought a new position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,200 shares of the financial services provider’s stock, valued at approximately $82,000.

Several other large investors have also made changes to their positions in FUND. Raymond James Financial Inc. purchased a new stake in Sprott Focus Trust in the 4th quarter worth $149,000. Wells Fargo & Company MN raised its position in shares of Sprott Focus Trust by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 6,126 shares during the last quarter. Level Four Advisory Services LLC raised its position in shares of Sprott Focus Trust by 9.0% during the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 1,951 shares during the last quarter. LPL Financial LLC lifted its stake in Sprott Focus Trust by 179.0% in the 4th quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider’s stock valued at $2,839,000 after buying an additional 248,980 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new stake in Sprott Focus Trust in the 4th quarter worth about $144,000. 12.63% of the stock is owned by institutional investors and hedge funds.

Sprott Focus Trust Price Performance

Shares of Sprott Focus Trust stock opened at $7.20 on Friday. The business has a 50 day simple moving average of $7.15 and a two-hundred day simple moving average of $7.52. Sprott Focus Trust, Inc. has a 12 month low of $6.21 and a 12 month high of $8.23.

Sprott Focus Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.1305 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.26%.

Insider Buying and Selling at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 65,998 shares of Sprott Focus Trust stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the transaction, the portfolio manager now directly owns 7,866,341 shares of the company’s stock, valued at approximately $57,424,289.30. This represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 50.59% of the stock is currently owned by insiders.

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.