Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its position in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,209 shares of the financial services provider’s stock after selling 2,057 shares during the period. Cetera Investment Advisers owned about 0.79% of Sprott Focus Trust worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. 9258 Wealth Management LLC purchased a new stake in Sprott Focus Trust in the 1st quarter worth $87,000. Blue Bell Private Wealth Management LLC grew its holdings in shares of Sprott Focus Trust by 392.5% during the second quarter. Blue Bell Private Wealth Management LLC now owns 63,348 shares of the financial services provider’s stock worth $474,000 after buying an additional 50,485 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Sprott Focus Trust by 4.8% during the second quarter. Wolverine Asset Management LLC now owns 134,938 shares of the financial services provider’s stock worth $1,009,000 after buying an additional 6,198 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of Sprott Focus Trust during the first quarter worth $1,867,000. Finally, Shaker Financial Services LLC grew its holdings in shares of Sprott Focus Trust by 10.2% during the second quarter. Shaker Financial Services LLC now owns 995,343 shares of the financial services provider’s stock worth $7,466,000 after buying an additional 92,476 shares in the last quarter. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Sprott Focus Trust Stock Up 0.2 %

Sprott Focus Trust stock opened at $7.73 on Tuesday. Sprott Focus Trust, Inc. has a 52-week low of $6.75 and a 52-week high of $8.11. The company has a fifty day simple moving average of $7.71 and a 200-day simple moving average of $7.73.

Sprott Focus Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.1301 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 6.73%.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George sold 26,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $7.58, for a total value of $197,080.00. Following the completion of the sale, the portfolio manager now owns 321,114 shares of the company’s stock, valued at approximately $2,434,044.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 48.90% of the company’s stock.

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.