Sprott Inc. Buys 327,932 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND)

Sprott Inc. lifted its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,777,915 shares of the financial services provider’s stock after buying an additional 327,932 shares during the quarter. Sprott Focus Trust makes up approximately 6.4% of Sprott Inc.’s portfolio, making the stock its biggest position. Sprott Inc. owned 49.57% of Sprott Focus Trust worth $108,080,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Captrust Financial Advisors raised its stake in Sprott Focus Trust by 3.4% in the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after buying an additional 3,028 shares in the last quarter. Wolverine Asset Management LLC raised its position in shares of Sprott Focus Trust by 38.8% during the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider’s stock worth $1,379,000 after acquiring an additional 52,645 shares in the last quarter. Hara Capital LLC acquired a new stake in shares of Sprott Focus Trust during the 4th quarter worth about $582,000. Integrated Wealth Concepts LLC lifted its stake in Sprott Focus Trust by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock worth $2,538,000 after purchasing an additional 3,301 shares during the last quarter. Finally, Sapient Capital LLC boosted its holdings in Sprott Focus Trust by 3.0% in the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock valued at $597,000 after purchasing an additional 2,345 shares in the last quarter. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Price Performance

FUND stock opened at $7.50 on Wednesday. Sprott Focus Trust, Inc. has a twelve month low of $7.21 and a twelve month high of $8.23. The company’s 50 day moving average is $7.53 and its two-hundred day moving average is $7.72.

Sprott Focus Trust Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.2161 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 7.5%.

Insider Activity at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the completion of the transaction, the portfolio manager now owns 7,813,063 shares of the company’s stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 50.59% of the stock is owned by corporate insiders.

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.