Sprott Focus Trust, Inc. (NASDAQ:FUND) Stock Position Increased by Sapient Capital LLC

Sapient Capital LLC lifted its position in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 3.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 81,603 shares of the financial services provider’s stock after buying an additional 2,345 shares during the quarter. Sapient Capital LLC’s holdings in Sprott Focus Trust were worth $597,000 at the end of the most recent reporting period.

Separately, Integrated Wealth Concepts LLC raised its stake 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 in the last quarter. 12.63% of the stock is currently owned by institutional investors.

Sprott Focus Trust Price Performance

FUND opened at $7.73 on Wednesday. Sprott Focus Trust, Inc. has a one year low of $7.21 and a one year high of $8.23. The stock’s fifty day moving average is $7.59 and its 200-day moving average is $7.73.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a — dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.2161 dividend. This represents a dividend yield of 7.5%. The ex-dividend date was Friday, December 13th.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of $7.27 per share, with a total value of $777,446.53. Following the completion of the transaction, the portfolio manager now directly owns 7,813,063 shares of the company’s stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 50.59% of the company’s stock.

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.