Sprott Focus Trust, Inc. $FUND Shares Bought by Shaker Financial Services LLC

Shaker Financial Services LLC lifted its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 44.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 459,701 shares of the financial services provider’s stock after buying an additional 142,553 shares during the quarter. Sprott Focus Trust comprises about 1.2% of Shaker Financial Services LLC’s holdings, making the stock its 22nd biggest holding. Shaker Financial Services LLC’s holdings in Sprott Focus Trust were worth $3,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Sprott Inc. grew its position in shares of Sprott Focus Trust by 1.0% in the 1st quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider’s stock valued at $110,652,000 after buying an additional 154,903 shares during the last quarter. Royal Bank of Canada lifted its position in 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 valued at $4,291,000 after acquiring an additional 82,892 shares during the last quarter. LPL Financial LLC boosted its stake in Sprott Focus Trust by 11.8% in the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider’s stock valued at $3,214,000 after acquiring an additional 45,643 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Sprott Focus Trust by 7.7% during the first quarter. Blue Bell Private Wealth Management LLC now owns 143,963 shares of the financial services provider’s stock worth $1,067,000 after purchasing an additional 10,322 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Sprott Focus Trust by 20.5% during the first quarter. NewEdge Advisors LLC now owns 13,500 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,300 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.

Insiders Place Their Bets

In other news, Portfolio Manager W Whitney George acquired 120,070 shares of Sprott Focus Trust stock in a transaction on Monday, September 29th. The stock was bought at an average price of $8.18 per share, for a total transaction of $982,172.60. Following the completion of the purchase, the portfolio manager owned 3,215,943 shares in the company, valued at $26,306,413.74. This represents a 3.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 52.93% of the company’s stock.

Sprott Focus Trust Trading Up 0.5%

FUND opened at $8.28 on Monday. Sprott Focus Trust, Inc. has a one year low of $6.21 and a one year high of $8.49. The business’s 50-day simple moving average is $8.29 and its 200-day simple moving average is $7.76.

Sprott Focus Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.1274 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.51 annualized dividend and a yield of 6.2%.

Sprott Focus Trust Company Profile

Sprott Focus Trust, Inc is a closed-ended equity mutual fund launched and managed by Sprott Asset Management, LP. The fund is co-managed by Sprott Asset Management USA Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors.