Royal Bank of Canada increased its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND – Free Report) by 15.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 802,431 shares of the financial services provider’s stock after buying an additional 106,805 shares during the quarter. Royal Bank of Canada’s holdings in Sprott Focus Trust were worth $7,655,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new position in shares of Sprott Focus Trust during the fourth quarter worth about $40,000. Advocate Investing Services LLC bought a new stake in Sprott Focus Trust in the 4th quarter valued at about $61,000. NewEdge Advisors LLC lifted its position in Sprott Focus Trust by 20.5% in the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 2,300 shares during the last quarter. Militia Capital Partners LP acquired a new position in Sprott Focus Trust during the 4th quarter valued at about $113,000. Finally, Osaic Holdings Inc. boosted its stake in Sprott Focus Trust by 203.4% during the 2nd quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 33,815 shares during the period. 12.63% of the stock is currently owned by institutional investors.
Insider Transactions at Sprott Focus Trust
In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 71,664 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were purchased at an average cost of $9.63 per share, for a total transaction of $690,124.32. Following the transaction, the portfolio manager directly owned 3,326,193 shares in the company, valued at $32,031,238.59. The trade was a 2.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 52.93% of the stock is owned by company insiders.
Sprott Focus Trust Stock Performance
Sprott Focus Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Friday, June 12th were given a dividend of $0.1424 per share. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.57 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, June 12th.
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.
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