9258 Wealth Management LLC Purchases New Stake in Sprott Focus Trust, Inc. (NASDAQ:FUND)

9258 Wealth Management LLC acquired a new position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,765 shares of the financial services provider’s stock, valued at approximately $87,000.

A number of other large investors have also recently bought and sold shares of FUND. Shaker Financial Services LLC lifted its position in shares of Sprott Focus Trust by 23.3% during the 4th quarter. Shaker Financial Services LLC now owns 837,041 shares of the financial services provider’s stock worth $6,696,000 after buying an additional 158,107 shares during the last quarter. Sprott Inc. boosted its stake in shares of Sprott Focus Trust by 3.1% in the 4th quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 3,397 shares in the last quarter. Sapient Capital LLC bought a new stake in shares of Sprott Focus Trust during the 4th quarter valued at approximately $753,000. Wolverine Asset Management LLC increased its position in Sprott Focus Trust by 1,015.9% during the 4th quarter. Wolverine Asset Management LLC now owns 58,482 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 53,241 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in Sprott Focus Trust by 266.8% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 12,863 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 9,356 shares in the last quarter. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Portfolio Manager W Whitney George sold 15,621 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $7.39, for a total value of $115,439.19. Following the completion of the transaction, the portfolio manager now owns 263,151 shares of the company’s stock, valued at $1,944,685.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 48.90% of the stock is currently owned by corporate insiders.

Sprott Focus Trust Stock Performance

Sprott Focus Trust stock traded up $0.23 during mid-day trading on Thursday, reaching $7.76. The company had a trading volume of 55,438 shares, compared to its average volume of 29,559. The business has a fifty day simple moving average of $7.66 and a 200 day simple moving average of $7.72. Sprott Focus Trust, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $8.47.

Sprott Focus Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 14th were issued a dividend of $0.1299 per share. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.52 annualized dividend and a dividend yield of 6.70%.

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.