94,131 Shares in Sprott Focus Trust, Inc. (NASDAQ:FUND) Bought by Sapient Capital LLC

Sapient Capital LLC acquired a new position in Sprott Focus Trust, Inc. (NASDAQ:FUND) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 94,131 shares of the financial services provider’s stock, valued at approximately $753,000. Sapient Capital LLC owned 0.32% of Sprott Focus Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FUND. Blue Bell Private Wealth Management LLC bought a new stake in Sprott Focus Trust during the fourth quarter valued at about $28,000. Wolverine Asset Management LLC bought a new position in shares of Sprott Focus Trust in the third quarter worth about $39,000. AQR Arbitrage LLC bought a new position in shares of Sprott Focus Trust in the third quarter worth about $87,000. Finally, Shaker Financial Services LLC boosted its stake in shares of Sprott Focus Trust by 23.3% in the third quarter. Shaker Financial Services LLC now owns 678,934 shares of the financial services provider’s stock worth $5,112,000 after acquiring an additional 128,100 shares during the period. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Stock Performance

Shares of NASDAQ FUND traded up $0.02 during mid-day trading on Friday, reaching $7.68. The company’s stock had a trading volume of 14,736 shares, compared to its average volume of 24,780. The stock has a fifty day moving average of $7.78 and a two-hundred day moving average of $7.65. Sprott Focus Trust, Inc. has a 52 week low of $6.75 and a 52 week high of $8.47.

Sprott Focus Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.1286 dividend. This is an increase from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend was Wednesday, March 13th.

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.