Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George Acquires 65,998 Shares

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George purchased 65,998 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of $7.30 per share, with a total value of $481,785.40. Following the completion of the transaction, the portfolio manager now directly owns 7,866,341 shares in the company, valued at $57,424,289.30. The trade was a 0.85 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sprott Focus Trust Price Performance

Shares of NASDAQ FUND opened at $7.39 on Wednesday. The stock has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $7.65. Sprott Focus Trust, Inc. has a 1-year low of $7.15 and a 1-year high of $8.23.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 7.06%. The ex-dividend date was Friday, March 14th.

Hedge Funds Weigh In On Sprott Focus Trust

Several large investors have recently modified their holdings of the business. Waverly Advisors LLC bought a new stake in Sprott Focus Trust during the 4th quarter valued at $79,000. NewEdge Advisors LLC purchased a new position in shares of Sprott Focus Trust in the fourth quarter valued at $82,000. HighTower Advisors LLC bought a new stake in shares of Sprott Focus Trust during the 4th quarter valued at $144,000. Raymond James Financial Inc. purchased a new stake in Sprott Focus Trust during the 4th quarter worth about $149,000. Finally, Level Four Advisory Services LLC boosted its stake in Sprott Focus Trust by 9.0% in 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 period. Hedge funds and other institutional investors 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.