69,586 Shares in Sprott Focus Trust, Inc. (NASDAQ:FUND) Acquired by Hara Capital LLC

Hara Capital LLC acquired a new stake in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,586 shares of the financial services provider's stock, valued at approximately $509,000. Hara Capital LLC owned approximately 0.23% of Sprott Focus Trust as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Level Four Advisory Services LLC lifted 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 worth $172,000 after buying an additional 1,951 shares during the period. Sapient Capital LLC raised its holdings 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 worth $597,000 after purchasing an additional 2,345 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Sprott Focus Trust by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider's stock worth $634,000 after purchasing an additional 6,126 shares during the period. Waverly Advisors LLC purchased a new position in shares of Sprott Focus Trust in the 4th quarter worth about $79,000. Finally, NewEdge Advisors LLC purchased a new position in shares of Sprott Focus Trust in the 4th quarter worth about $82,000. 12.63% of the stock is currently owned by hedge funds and other institutional investors.

Sprott Focus Trust Stock Performance

Shares of Sprott Focus Trust stock traded down $0.02 during trading hours on Friday, reaching $7.15. The stock had a trading volume of 49,653 shares, compared to its average volume of 40,393. The firm has a 50 day simple moving average of $7.09 and a two-hundred day simple moving average of $7.43. Sprott Focus Trust, Inc. has a 1 year low of $6.21 and a 1 year high of $8.23.

Sprott Focus Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.1305 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.30%.

Insider Transactions at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George bought 65,998 shares of the company's stock in a transaction that occurred on Friday, March 28th. The shares were acquired at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the acquisition, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. This represents a 0.85% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 50.59% of the company's stock.

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.