Institute for Wealth Management LLC. lowered its stake in shares of Sprott Focus Trust (NASDAQ:FUND) by 8.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,888 shares of the financial services provider’s stock after selling 2,953 shares during the period. Institute for Wealth Management LLC. owned 0.13% of Sprott Focus Trust worth $222,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in Sprott Focus Trust during the second quarter worth $176,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Sprott Focus Trust by 55.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 348,159 shares of the financial services provider’s stock worth $2,385,000 after buying an additional 123,564 shares during the period. Bank of America Corp DE lifted its holdings in Sprott Focus Trust by 8.8% during the fourth quarter. Bank of America Corp DE now owns 239,213 shares of the financial services provider’s stock worth $1,383,000 after buying an additional 19,265 shares during the period. Doliver Advisors LP purchased a new stake in Sprott Focus Trust during the second quarter worth $113,000. Finally, Geode Capital Management LLC purchased a new stake in Sprott Focus Trust during the fourth quarter worth $465,000. Institutional investors own 21.28% of the company’s stock.

Sprott Focus Trust stock traded up $0.08 during mid-day trading on Wednesday, reaching $6.62. 3,721 shares of the company were exchanged, compared to its average volume of 45,612. The business has a fifty day moving average of $6.72 and a 200 day moving average of $6.76. Sprott Focus Trust has a 12-month low of $5.46 and a 12-month high of $7.83.

In other Sprott Focus Trust news, insider W Whitney George purchased 64,725 shares of Sprott Focus Trust stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $6.67 per share, with a total value of $431,715.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have acquired 163,104 shares of company stock valued at $1,078,226. 36.90% of the stock is owned by company insiders.

Sprott Focus Trust Company Profile

There is no company description available for Sprott Focus Trust Inc.

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Institutional Ownership by Quarter for Sprott Focus Trust (NASDAQ:FUND)

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