W Whitney George Sells 29,800 Shares of Sprott Focus Trust (NASDAQ:FUND) Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 29,800 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $8.18, for a total value of $243,764.00. Following the transaction, the portfolio manager owned 312,583 shares of the company’s stock, valued at approximately $2,556,928.94. This trade represents a 8.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

W Whitney George also recently made the following trade(s):

• On Monday, September 29th, W Whitney George purchased 120,070 shares of Sprott Focus Trust stock. The stock was bought at an average cost of $8.18 per share, for a total transaction of $982,172.60.
• On Monday, September 29th, W Whitney George acquired 59,537 shares of Sprott Focus Trust stock. The shares were bought at an average price of $8.18 per share, for a total transaction of $487,012.66.

Sprott Focus Trust Price Performance

Shares of FUND stock opened at $8.31 on Thursday. The firm has a fifty day moving average of $8.06 and a two-hundred day moving average of $7.56. Sprott Focus Trust, Inc. has a 1-year low of $6.21 and a 1-year high of $8.43.

Sprott Focus Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a dividend of $0.1274 per share. The ex-dividend date was Monday, September 15th. This represents a $0.51 annualized dividend and a yield of 6.1%.

Institutional Investors Weigh In On Sprott Focus Trust

A number of institutional investors have recently made changes to their positions in the company. Blue Bell Private Wealth Management LLC raised its position in shares of Sprott Focus Trust by 7.7% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider’s stock valued at $1,067,000 after acquiring an additional 10,322 shares in the last quarter. LPL Financial LLC raised its holdings in shares of Sprott Focus Trust by 11.8% during the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider’s stock worth $3,214,000 after purchasing an additional 45,643 shares during the period. Sprott Inc. raised its holdings in shares of Sprott Focus Trust by 1.0% during the first quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider’s stock worth $110,652,000 after purchasing an additional 154,903 shares during the period. Royal Bank of Canada lifted its position in shares of Sprott Focus Trust by 16.7% in the 1st quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock worth $4,291,000 after buying an additional 82,892 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after buying an additional 2,300 shares during the period. 12.63% of the stock is currently owned by institutional investors.

About Sprott Focus Trust

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.