Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager Sells $115,439.19 in Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 15,621 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $7.39, for a total value of $115,439.19. Following the transaction, the portfolio manager now directly owns 263,151 shares of the company’s stock, valued at approximately $1,944,685.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Sprott Focus Trust Price Performance

Shares of NASDAQ:FUND remained flat at $7.48 during midday trading on Wednesday. The stock had a trading volume of 15,340 shares, compared to its average volume of 29,235. Sprott Focus Trust, Inc. has a twelve month low of $6.75 and a twelve month high of $8.47. The company’s 50-day moving average is $7.68 and its 200 day moving average is $7.74.

Sprott Focus Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 14th were given a $0.1299 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.95%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FUND. Blue Bell Private Wealth Management LLC acquired a new position in Sprott Focus Trust in the fourth quarter valued at $28,000. Sapient Capital LLC acquired a new position in Sprott Focus Trust in the fourth quarter valued at $668,000. Wolverine Asset Management LLC boosted its holdings in Sprott Focus Trust by 1,015.9% in the fourth quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider’s stock valued at $468,000 after acquiring an additional 53,241 shares during the last quarter. Shaker Financial Services LLC boosted its holdings in Sprott Focus Trust by 23.3% in the fourth quarter. Shaker Financial Services LLC now owns 837,041 shares of the financial services provider’s stock valued at $6,696,000 after acquiring an additional 158,107 shares during the last quarter. Finally, Sprott Inc. boosted its holdings in Sprott Focus Trust by 3.1% in the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after acquiring an additional 3,397 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

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.