Hara Capital LLC acquired a new stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 79,586 shares of the financial services provider's stock, valued at approximately $582,000. Hara Capital LLC owned about 0.27% of Sprott Focus Trust at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Sapient Capital LLC increased its position in 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 purchasing an additional 2,345 shares in the last quarter. Captrust Financial Advisors increased its position in Sprott Focus Trust by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider's stock worth $712,000 after purchasing an additional 3,028 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in Sprott Focus Trust by 1.0% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 12.63% of the company's stock.
Insider Buying and Selling
In related news, Portfolio Manager W Whitney George purchased 106,939 shares of the firm's stock in a transaction on Monday, December 30th. The stock was purchased at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the acquisition, the portfolio manager now directly owns 7,813,063 shares in the company, valued at $56,800,968.01. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 50.59% of the company's stock.
Sprott Focus Trust Stock Down 1.4 %
FUND traded down $0.11 on Friday, reaching $7.55. 64,621 shares of the company's stock were exchanged, compared to its average volume of 32,209. The company's 50 day moving average is $7.53 and its 200-day moving average is $7.72. Sprott Focus Trust, Inc. has a twelve month low of $7.21 and a twelve month high of $8.23.
Sprott Focus Trust Dividend Announcement
The firm also recently announced a -- dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were given a dividend of $0.2161 per share. This represents a yield of 7.5%. The ex-dividend date was Friday, December 13th.
About Sprott Focus Trust
(
Free Report)
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.
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