Sprott Focus Trust (NASDAQ:FUND) Portfolio Manager W Whitney George Sells 17,700 Shares of Stock

Sprott Focus Trust, Inc. (NASDAQ:FUND) Portfolio Manager W Whitney George sold 17,700 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $8.85, for a total value of $156,645.00. Following the sale, the portfolio manager directly owned 306,805 shares of the company’s stock, valued at $2,715,224.25. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link.

W Whitney George also recently made the following trade(s):

• On Tuesday, January 6th, W Whitney George acquired 1,785 shares of Sprott Focus Trust stock. The stock was acquired at an average cost of $8.89 per share, for a total transaction of $15,868.65.
• On Monday, December 29th, W Whitney George bought 173,880 shares of Sprott Focus Trust stock. The shares were acquired at an average price of $8.60 per share, with a total value of $1,495,368.00.
• On Monday, December 29th, W Whitney George purchased 96,357 shares of Sprott Focus Trust stock. The stock was bought at an average price of $8.60 per share, for a total transaction of $828,670.20.

Sprott Focus Trust Price Performance

FUND stock traded down $0.08 during mid-day trading on Wednesday, reaching $8.83. The company had a trading volume of 14,766 shares, compared to its average volume of 29,042. The firm has a 50 day moving average of $8.49 and a 200 day moving average of $8.18. Sprott Focus Trust, Inc. has a 12 month low of $6.21 and a 12 month high of $8.95.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 12th were paid a $0.1911 dividend. This represents a $0.76 annualized dividend and a yield of 8.7%. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of Sprott Focus Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Shaker Financial Services LLC raised its holdings in shares of Sprott Focus Trust by 44.9% in the 2nd quarter. Shaker Financial Services LLC now owns 459,701 shares of the financial services provider’s stock valued at $3,439,000 after purchasing an additional 142,553 shares in the last quarter. Royal Bank of Canada increased its holdings in Sprott Focus Trust by 16.7% during the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock valued at $4,291,000 after buying an additional 82,892 shares during the period. Raymond James Financial Inc. raised its stake in Sprott Focus Trust by 126.7% in the third quarter. Raymond James Financial Inc. now owns 45,493 shares of the financial services provider’s stock worth $378,000 after buying an additional 25,425 shares in the last quarter. Osaic Holdings Inc. raised its stake in Sprott Focus Trust by 203.4% in the second quarter. Osaic Holdings Inc. now owns 50,438 shares of the financial services provider’s stock worth $377,000 after buying an additional 33,815 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Sprott Focus Trust by 20.5% during the 1st quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,300 shares in the last quarter. 12.63% of the stock is owned by hedge funds and other institutional investors.

About Sprott Focus Trust

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.