Sprott Focus Trust, Inc. (NASDAQ:FUND – Get Free Report) Portfolio Manager Whitney George purchased 122,111 shares of the stock in a transaction dated Tuesday, September 29th. The stock was bought at an average cost of $10.05 per share, with a total value of $1,227,215.55. Following the transaction, the portfolio manager owned 3,375,936 shares in the company, valued at $33,928,156.80. The trade was a 3.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
W Whitney George also recently made the following trade(s):
- On Tuesday, September 29th, Whitney George purchased 59,702 shares of Sprott Focus Trust stock. The stock was purchased at an average price of $10.05 per share, for a total transaction of $600,005.10.
Sprott Focus Trust Stock Performance
FUND stock traded down $0.08 during trading on Thursday, hitting $9.61. 16,253 shares of the stock traded hands, compared to its average volume of 29,218. Sprott Focus Trust, Inc. has a 1 year low of $7.97 and a 1 year high of $10.99. The firm’s 50 day moving average is $10.34 and its two-hundred day moving average is $10.02.
Sprott Focus Trust Increases Dividend
Institutional Investors Weigh In On Sprott Focus Trust
Several institutional investors and hedge funds have recently made changes to their positions in FUND. Readystate Asset Management LP bought a new position in Sprott Focus Trust in the 2nd quarter valued at approximately $134,000. Acorn Wealth Advisors LLC boosted its stake in Sprott Focus Trust by 7.8% during the 2nd quarter. Acorn Wealth Advisors LLC now owns 45,010 shares of the financial services provider’s stock valued at $1,158,000 after purchasing an additional 3,244 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Sprott Focus Trust in the 2nd quarter worth $170,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Sprott Focus Trust in the second quarter worth $191,000. Finally, Evolve Private Wealth LLC purchased a new position in shares of Sprott Focus Trust in the second quarter worth $1,384,000. Institutional investors own 12.63% of the company’s stock.
About Sprott Focus Trust
Sprott Focus Trust, Inc is a closed-end investment company listed on the Nasdaq under the symbol FUND. The fund seeks long-term capital appreciation by investing primarily in a concentrated portfolio of publicly traded equity securities.
The fund’s investment approach emphasizes fundamental research and the selection of companies that its adviser believes offer attractive long-term investment potential. Its portfolio may include businesses across multiple industries and geographic markets, giving shareholders exposure to a diversified selection of domestic and international equities.
Sprott Focus Trust is managed by Sprott Asset Management, a subsidiary of Sprott Inc, an asset manager focused on real assets and alternative investments.
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