Insider Buying: Sprott Focus Trust (NASDAQ:FUND) Portfolio Manager Acquires $690,124.32 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George acquired 71,664 shares of the stock in a transaction dated Monday, June 29th. The stock was bought at an average price of $9.63 per share, for a total transaction of $690,124.32. Following the purchase, the portfolio manager owned 3,326,193 shares of the company’s stock, valued at $32,031,238.59. The trade was a 2.20% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, June 29th, W Whitney George purchased 16,394 shares of Sprott Focus Trust stock. The stock was bought at an average cost of $9.63 per share, with a total value of $157,874.22.

Sprott Focus Trust Stock Up 0.1%

Shares of NASDAQ FUND traded up $0.01 during mid-day trading on Tuesday, hitting $9.48. The company had a trading volume of 16,251 shares, compared to its average volume of 29,884. Sprott Focus Trust, Inc. has a 12 month low of $7.39 and a 12 month high of $10.47. The business’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $9.61.

Sprott Focus Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Friday, June 12th were given a $0.1424 dividend. This represents a $0.57 annualized dividend and a yield of 6.0%. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, June 12th.

Institutional Investors Weigh In On Sprott Focus Trust

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

Sprott Focus Trust Company Profile

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.