Level Four Advisory Services LLC Has $172,000 Stock Position in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Level Four Advisory Services LLC increased its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,548 shares of the financial services provider’s stock after purchasing an additional 1,951 shares during the period. Level Four Advisory Services LLC owned approximately 0.08% of Sprott Focus Trust worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sapient Capital LLC grew its position in shares of Sprott Focus Trust by 3.0% during the 4th quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock worth $597,000 after buying an additional 2,345 shares during the period. Captrust Financial Advisors grew its holdings in Sprott Focus Trust by 3.4% during the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 3,028 shares during the period. Integrated Wealth Concepts LLC increased its stake in Sprott Focus Trust by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 3,301 shares in the last quarter. HighTower Advisors LLC bought a new position in shares of Sprott Focus Trust during the fourth quarter worth $144,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Sprott Focus Trust in the 4th quarter valued at $149,000. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Trading Down 0.3 %

FUND stock opened at $7.39 on Wednesday. Sprott Focus Trust, Inc. has a 1-year low of $7.15 and a 1-year high of $8.23. The business’s 50-day moving average price is $7.51 and its two-hundred day moving average price is $7.65.

Sprott Focus Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $0.1305 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 7.06%.

Insiders Place Their Bets

In related news, Portfolio Manager W Whitney George acquired 65,998 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the acquisition, the portfolio manager now directly owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. The trade was a 0.85 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 50.59% of the company’s stock.

About Sprott Focus Trust

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.