Wolverine Asset Management LLC Acquires 52,645 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND)

Wolverine Asset Management LLC increased its holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 38.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 188,488 shares of the financial services provider's stock after purchasing an additional 52,645 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.63% of Sprott Focus Trust worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Captrust Financial Advisors lifted its holdings 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 buying an additional 3,028 shares during the period. Hara Capital LLC bought a new stake in Sprott Focus Trust in the fourth quarter valued at approximately $582,000. Integrated Wealth Concepts LLC boosted its holdings in Sprott Focus Trust by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider's stock valued at $2,538,000 after acquiring an additional 3,301 shares during the last quarter. Finally, 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 valued at $597,000 after purchasing an additional 2,345 shares during the period. 12.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust 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 cost of $7.27 per share, for a total transaction of $777,446.53. Following the acquisition, the portfolio manager now owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. The trade was a 1.39 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 50.59% of the stock is owned by company insiders.

Sprott Focus Trust Stock Performance

Shares of NASDAQ FUND opened at $7.55 on Friday. The company's 50 day moving average price is $7.53 and its 200-day moving average price is $7.72. Sprott Focus Trust, Inc. has a 52-week low of $7.21 and a 52-week high of $8.23.

Sprott Focus Trust Dividend Announcement

The company also recently announced a -- dividend, which was paid on Monday, December 30th. Investors of record on Friday, December 13th were paid a dividend of $0.2161 per share. This represents a yield of 7.5%. The ex-dividend date of this dividend was Friday, December 13th.

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.

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