1607 Capital Partners LLC Grows Stock Position in Sprott Focus Trust, Inc. (NASDAQ:FUND)

1607 Capital Partners LLC increased its position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 20.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310,073 shares of the financial services provider's stock after acquiring an additional 52,590 shares during the period. 1607 Capital Partners LLC owned approximately 1.04% of Sprott Focus Trust worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sprott Inc. increased its stake in shares of Sprott Focus Trust by 2.3% in the fourth quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock worth $108,080,000 after acquiring an additional 327,932 shares during the period. LPL Financial LLC boosted its holdings in Sprott Focus Trust by 179.0% in the fourth quarter. LPL Financial LLC now owns 388,110 shares of the financial services provider's stock valued at $2,839,000 after purchasing an additional 248,980 shares during the last quarter. Wolverine Asset Management LLC grew its position in 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 purchasing an additional 52,645 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in shares of Sprott Focus Trust by 41.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 133,641 shares of the financial services provider's stock valued at $978,000 after buying an additional 39,078 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Sprott Focus Trust by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider's stock valued at $634,000 after buying an additional 6,126 shares during the period. Institutional investors and hedge funds own 12.63% of the company's stock.

Insider Transactions at Sprott Focus Trust

In other news, Portfolio Manager W Whitney George acquired 65,998 shares of the firm's stock in a transaction on Friday, March 28th. The stock was acquired at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the transaction, the portfolio manager now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 50.59% of the company's stock.

Sprott Focus Trust Stock Up 1.6 %

Shares of FUND traded up $0.11 during mid-day trading on Friday, reaching $7.00. The company had a trading volume of 18,432 shares, compared to its average volume of 38,015. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23. The stock has a 50 day moving average of $7.27 and a two-hundred day moving average of $7.57.

Sprott Focus Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.1305 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 annualized dividend and a yield of 7.46%.

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.