LPL Financial LLC Has $2.84 Million Position in Sprott Focus Trust, Inc. (NASDAQ:FUND)

LPL Financial LLC lifted its holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 179.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 388,110 shares of the financial services provider's stock after acquiring an additional 248,980 shares during the quarter. LPL Financial LLC owned approximately 1.30% of Sprott Focus Trust worth $2,839,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. HighTower Advisors LLC bought a new stake in shares of Sprott Focus Trust during the fourth quarter valued at approximately $144,000. Raymond James Financial Inc. bought a new position in Sprott Focus Trust in the fourth quarter valued at about $149,000. Hara Capital LLC bought a new position in Sprott Focus Trust in the fourth quarter valued at approximately $582,000. Sapient Capital LLC lifted its stake in shares of Sprott Focus Trust by 3.0% in the 4th 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 during the period. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Sprott Focus Trust by 41.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 133,641 shares of the financial services provider's stock valued at $978,000 after purchasing an additional 39,078 shares during the last quarter. 12.63% of the stock is currently owned by institutional investors.

Insider Activity

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 65,998 shares of the business's stock in a transaction dated Friday, March 28th. The shares were acquired at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the acquisition, the portfolio manager now directly owns 7,866,341 shares of the company's stock, valued at approximately $57,424,289.30. This trade represents a 0.85 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 50.59% of the stock is owned by company insiders.

Sprott Focus Trust Price Performance

Shares of Sprott Focus Trust stock traded up $0.07 during trading on Thursday, hitting $6.96. 5,124 shares of the company were exchanged, compared to its average volume of 37,888. The firm's fifty day moving average price is $7.29 and its 200 day moving average price is $7.58. Sprott Focus Trust, Inc. has a 1-year low of $6.21 and a 1-year high of $8.23.

Sprott Focus Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $0.1305 per share. The ex-dividend date was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.50%.

Sprott Focus Trust Profile

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.