Insider Buying: Sprott Focus Trust (NASDAQ:FUND) Portfolio Manager Acquires 71,664 Shares

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

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 shares were purchased at an average cost of $9.63 per share, with a total value of $157,874.22.

Sprott Focus Trust Price Performance

NASDAQ:FUND traded up $0.01 on Tuesday, reaching $9.48. The stock had a trading volume of 16,251 shares, compared to its average volume of 29,884. Sprott Focus Trust, Inc. has a 1-year low of $7.39 and a 1-year high of $10.47. The stock has a fifty day moving average price of $10.05 and a 200-day moving average price of $9.61.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were issued a dividend of $0.1424 per share. The ex-dividend date of this dividend was Friday, June 12th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 6.0%.

Institutional Investors Weigh In On Sprott Focus Trust

A number of large investors have recently bought and sold shares of FUND. Sprott Inc. increased its holdings in Sprott Focus Trust by 1.5% during 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 in the last quarter. Evolve Private Wealth LLC acquired a new position in Sprott Focus Trust in the fourth quarter worth $1,310,000. Royal Bank of Canada boosted its stake in Sprott Focus Trust by 15.4% in the first quarter. Royal Bank of Canada now owns 802,431 shares of the financial services provider’s stock worth $7,655,000 after purchasing an additional 106,805 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Sprott Focus Trust by 18.7% during 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. Finally, Osaic Holdings Inc. grew its holdings in shares of Sprott Focus Trust by 203.4% during the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 33,815 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors.

About Sprott Focus Trust

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Sprott Focus Trust (NASDAQ:FUND)

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