Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC lessened its position in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 2.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 974,603 shares of the financial services provider’s stock after selling 20,740 shares during the period. Sprott Focus Trust makes up about 2.8% of Shaker Financial Services LLC’s holdings, making the stock its 2nd largest position. Shaker Financial Services LLC’s holdings in Sprott Focus Trust were worth $7,504,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FUND. Cetera Advisors LLC acquired a new stake in Sprott Focus Trust in the first quarter valued at approximately $1,867,000. Wolverine Asset Management LLC grew its stake in Sprott Focus Trust by 4.8% in the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock valued at $1,009,000 after acquiring an additional 6,198 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in Sprott Focus Trust by 392.5% in the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 50,485 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Sprott Focus Trust in the second quarter valued at approximately $1,226,000. Institutional investors and hedge funds own 12.63% of the company’s stock.

Sprott Focus Trust Price Performance

Shares of Sprott Focus Trust stock opened at $8.07 on Thursday. Sprott Focus Trust, Inc. has a 52 week low of $7.06 and a 52 week high of $8.11. The stock has a 50 day moving average price of $7.72 and a two-hundred day moving average price of $7.73.

Sprott Focus Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.1301 per share. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.52 annualized dividend and a dividend yield of 6.45%.

Insider Activity at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George sold 26,000 shares of Sprott Focus Trust stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $7.58, for a total transaction of $197,080.00. Following the transaction, the portfolio manager now owns 321,114 shares of the company’s stock, valued at $2,434,044.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 50.59% of the stock is owned by insiders.

Sprott Focus Trust 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.