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

Sprott Focus Trust, Inc. (NASDAQ:FUND) announced a quarterly dividend on Tuesday, December 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of 0.1911 per share by the financial services provider on Monday, December 29th. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date of this dividend is Friday, December 12th. This is a 50.0% increase from Sprott Focus Trust’s previous quarterly dividend of $0.13.

Sprott Focus Trust Stock Performance

FUND opened at $8.73 on Wednesday. The stock has a fifty day moving average of $8.36 and a 200-day moving average of $8.00. Sprott Focus Trust has a 12-month low of $6.21 and a 12-month high of $8.82.

Insider Buying and Selling

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 120,070 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was purchased at an average cost of $8.18 per share, for a total transaction of $982,172.60. Following the transaction, the portfolio manager owned 3,215,943 shares of the company’s stock, valued at $26,306,413.74. The trade was a 3.88% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 52.93% of the company’s stock.

Institutional Trading of Sprott Focus Trust

Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew its position in Sprott Focus Trust by 11.8% during the first quarter. LPL Financial LLC now owns 433,753 shares of the financial services provider’s stock valued at $3,214,000 after purchasing an additional 45,643 shares in the last quarter. Sprott Inc. grew its stake in Sprott Focus Trust by 1.0% in the first quarter. Sprott Inc. now owns 14,932,818 shares of the financial services provider’s stock valued at $110,652,000 after purchasing an additional 154,903 shares in the last quarter. Royal Bank of Canada increased its position in Sprott Focus Trust by 16.7% in the 1st quarter. Royal Bank of Canada now owns 579,065 shares of the financial services provider’s stock worth $4,291,000 after purchasing an additional 82,892 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of 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 worth $100,000 after purchasing an additional 2,300 shares in the last quarter. Finally, Shaker Financial Services LLC raised its stake in shares of Sprott Focus Trust by 44.9% during the 2nd quarter. Shaker Financial Services LLC now owns 459,701 shares of the financial services provider’s stock worth $3,439,000 after purchasing an additional 142,553 shares in the last quarter. 12.63% of the stock is owned by hedge funds and other institutional investors.

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.