Sprott Focus Trust, Inc. (NASDAQ:FUND) Holdings Cut by Shaker Financial Services LLC

Shaker Financial Services LLC decreased its position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 61.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 375,210 shares of the financial services provider's stock after selling 599,393 shares during the quarter. Sprott Focus Trust accounts for about 1.1% of Shaker Financial Services LLC's investment portfolio, making the stock its 28th largest holding. Shaker Financial Services LLC owned approximately 1.26% of Sprott Focus Trust worth $2,745,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC bought a new position in Sprott Focus Trust during the 4th quarter worth approximately $82,000. HighTower Advisors LLC bought a new stake in Sprott Focus Trust during the fourth quarter valued at $144,000. Raymond James Financial Inc. acquired a new stake in shares of Sprott Focus Trust during the fourth quarter worth $149,000. Level Four Advisory Services LLC lifted its position in shares of Sprott Focus Trust by 9.0% in the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock worth $172,000 after buying an additional 1,951 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Sprott Focus Trust in the 4th quarter valued at about $582,000. 12.63% of the stock is owned by hedge funds and other institutional investors.

Sprott Focus Trust Stock Performance

NASDAQ FUND traded up $0.01 during trading hours on Friday, reaching $7.09. The company's stock had a trading volume of 14,766 shares, compared to its average volume of 37,898. The business has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $7.55. Sprott Focus Trust, Inc. has a 52 week low of $6.21 and a 52 week high of $8.23.

Sprott Focus Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a dividend of $0.1305 per share. This represents a $0.52 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend was Friday, March 14th.

Insiders Place Their Bets

In other Sprott Focus Trust news, Portfolio Manager W Whitney George purchased 65,998 shares of the firm's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $7.30 per share, with a total value of $481,785.40. Following the completion of the purchase, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. This trade represents a 0.85 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 50.59% of the stock is owned by insiders.

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.