Sprott Focus Trust, Inc. (NASDAQ:FUND) Plans Dividend Increase – $0.14 Per Share

Sprott Focus Trust, Inc. (NASDAQ:FUND) declared a quarterly dividend on Tuesday, June 2nd. Investors of record on Friday, June 12th will be paid a dividend of 0.1424 per share by the financial services provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend is Friday, June 12th. This is a 6.7% increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Sprott Focus Trust Trading Up 1.7%

Shares of FUND opened at $10.40 on Wednesday. Sprott Focus Trust has a 12-month low of $7.18 and a 12-month high of $10.44. The business’s fifty day moving average is $9.90 and its 200 day moving average is $9.40.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Sprott Inc. grew its holdings in shares of Sprott Focus Trust by 1.5% during the fourth quarter. Sprott Inc. now owns 15,450,730 shares of the financial services provider’s stock valued at $134,112,000 after buying an additional 231,672 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Sprott Focus Trust by 15.4% during the first quarter. Royal Bank of Canada now owns 802,431 shares of the financial services provider’s stock valued at $7,655,000 after buying an additional 106,805 shares during the last quarter. LPL Financial LLC raised its stake in shares of Sprott Focus Trust by 18.7% in the fourth quarter. LPL Financial LLC now owns 525,819 shares of the financial services provider’s stock worth $4,564,000 after purchasing an additional 82,782 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of Sprott Focus Trust by 0.5% in the first quarter. Essex Financial Services Inc. now owns 218,586 shares of the financial services provider’s stock worth $2,085,000 after purchasing an additional 994 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Sprott Focus Trust by 14.9% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 200,923 shares of the financial services provider’s stock worth $1,744,000 after purchasing an additional 26,058 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors and hedge funds.

About Sprott Focus Trust

Sprott Focus Trust, Inc is a closed‐end management investment company trading on the Nasdaq under the ticker FUND. Externally managed by Sprott Asset Management LP, the trust offers investors targeted exposure to publicly traded companies that generate revenue through precious metals royalty and streaming agreements. By focusing on this segment, the trust provides a specialized approach to gaining potential income and capital appreciation tied to gold, silver and other base metal production.

The investment strategy centers on assembling a diversified portfolio of royalty and streaming firms with long‐life assets, stable cash flow profiles and strong growth outlooks.