Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Acquired by 1607 Capital Partners LLC

1607 Capital Partners LLC boosted its position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 20.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,073 shares of the financial services provider's stock after purchasing an additional 52,590 shares during the period. 1607 Capital Partners LLC owned approximately 1.04% of Sprott Focus Trust worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in FUND. Level Four Advisory Services LLC boosted its position in Sprott Focus Trust by 9.0% during the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock valued at $172,000 after purchasing an additional 1,951 shares in the last quarter. Sapient Capital LLC raised its position in shares of Sprott Focus Trust by 3.0% in 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 last quarter. Wells Fargo & Company MN lifted its position in Sprott Focus Trust by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider's stock worth $634,000 after acquiring an additional 6,126 shares during the period. NewEdge Advisors LLC acquired a new position in Sprott Focus Trust in the 4th quarter worth approximately $82,000. Finally, HighTower Advisors LLC purchased a new position in shares of Sprott Focus Trust during the fourth quarter worth $144,000. 12.63% of the stock is currently owned by institutional investors.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George bought 65,998 shares of the firm's stock in a transaction on Friday, March 28th. The shares were bought at an average price of $7.30 per share, with a total value of $481,785.40. Following the completion of the transaction, the portfolio manager now directly owns 7,866,341 shares of the company's stock, valued at $57,424,289.30. This represents a 0.85 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 50.59% of the company's stock.

Sprott Focus Trust Trading Down 1.7 %

Shares of FUND stock traded down $0.12 during mid-day trading on Monday, hitting $6.88. 17,146 shares of the stock were exchanged, compared to its average volume of 37,933. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23. The firm has a fifty day moving average of $7.27 and a 200 day moving average of $7.56.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.1305 dividend. This represents a $0.52 annualized dividend and a yield of 7.59%. The ex-dividend date of this dividend was Friday, March 14th.

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.