Blue Bell Private Wealth Management LLC grew its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 41.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,641 shares of the financial services provider's stock after acquiring an additional 39,078 shares during the quarter. Blue Bell Private Wealth Management LLC owned 0.45% of Sprott Focus Trust worth $978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Sprott Inc. lifted its holdings in Sprott Focus Trust by 2.3% during 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. Hara Capital LLC purchased a new stake in shares of Sprott Focus Trust during the 4th quarter valued at $582,000. Wolverine Asset Management LLC increased 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 valued at $1,379,000 after purchasing an additional 52,645 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sprott Focus Trust during the 4th quarter worth $149,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of Sprott Focus Trust by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider's stock worth $2,538,000 after buying an additional 3,301 shares during the last quarter. Institutional investors own 12.63% of the company's stock.
Sprott Focus Trust Stock Performance
FUND remained flat at $7.30 during trading on Tuesday. 32,030 shares of the company traded hands, compared to its average volume of 35,984. Sprott Focus Trust, Inc. has a one year low of $7.21 and a one year high of $8.23. The firm's 50 day moving average price is $7.55 and its two-hundred day moving average price is $7.70.
Sprott Focus Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.1305 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.15%.
Insider Activity
In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 106,939 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of $7.27 per share, with a total value of $777,446.53. Following the acquisition, the portfolio manager now directly owns 7,813,063 shares of the company's stock, valued at $56,800,968.01. The trade was a 1.39 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 50.59% of the company's stock.
Sprott Focus Trust Company Profile
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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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