Sprott Focus Trust, Inc. (FUND) To Go Ex-Dividend on June 12th

Sprott Focus Trust, Inc. (NASDAQ:FUND) declared a quarterly dividend on Tuesday, June 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of 0.1424 per share by the financial services provider on Monday, June 29th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Friday, June 12th. This is a 6.7% increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Sprott Focus Trust Price Performance

NASDAQ FUND opened at $10.09 on Wednesday. The company’s 50 day moving average is $10.03 and its 200-day moving average is $9.48. Sprott Focus Trust has a 12-month low of $7.34 and a 12-month high of $10.47.

Hedge Funds Weigh In On Sprott Focus Trust

A number of large investors have recently made changes to their positions in FUND. Sprott Inc. lifted its holdings in Sprott Focus Trust by 0.9% during the 3rd quarter. Sprott Inc. now owns 15,219,058 shares of the financial services provider’s stock worth $126,429,000 after purchasing an additional 139,731 shares in the last quarter. Osaic Holdings Inc. grew its holdings 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 buying an additional 33,815 shares in the last quarter. Captrust Financial Advisors grew its holdings in Sprott Focus Trust by 1.6% during the 4th quarter. Captrust Financial Advisors now owns 85,417 shares of the financial services provider’s stock valued at $741,000 after buying an additional 1,309 shares in the last quarter. Evolve Private Wealth LLC bought a new stake in shares of Sprott Focus Trust during the fourth quarter valued at about $1,310,000. Finally, Royal Bank of Canada lifted its holdings in shares of Sprott Focus Trust by 16.7% in the first quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock worth $4,291,000 after buying an additional 82,892 shares in the last quarter. 12.63% of the stock is owned by institutional investors.

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.