Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Acquired by Sapient Capital LLC

Sapient Capital LLC boosted its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,603 shares of the financial services provider’s stock after purchasing an additional 2,345 shares during the quarter. Sapient Capital LLC owned approximately 0.27% of Sprott Focus Trust worth $597,000 at the end of the most recent reporting period.

Separately, Captrust Financial Advisors boosted its position 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 acquiring an additional 3,028 shares during the period. 12.63% of the stock is owned by hedge funds and other institutional investors.

Sprott Focus Trust Trading Up 0.3 %

Shares of FUND stock opened at $7.73 on Wednesday. Sprott Focus Trust, Inc. has a 1 year low of $7.21 and a 1 year high of $8.23. The stock has a fifty day moving average of $7.59 and a two-hundred day moving average of $7.73.

Sprott Focus Trust Announces Dividend

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

Insiders Place Their Bets

In other Sprott Focus Trust news, Portfolio Manager W Whitney George purchased 106,939 shares of Sprott Focus Trust stock in a transaction on Monday, December 30th. The stock was bought at an average price of $7.27 per share, for a total transaction of $777,446.53. Following the transaction, the portfolio manager now 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 SEC, which is accessible through this link. 50.59% of the stock is currently owned by insiders.

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.