Hara Capital LLC Takes Position in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Hara Capital LLC bought a new position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 69,586 shares of the financial services provider's stock, valued at approximately $509,000. Hara Capital LLC owned about 0.23% of Sprott Focus Trust at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Waverly Advisors LLC purchased a new position in Sprott Focus Trust in the 4th quarter valued at approximately $79,000. NewEdge Advisors LLC bought a new position in shares of Sprott Focus Trust in the fourth quarter worth $82,000. HighTower Advisors LLC purchased a new position in shares of Sprott Focus Trust in the fourth quarter valued at $144,000. Raymond James Financial Inc. purchased a new position in shares of Sprott Focus Trust in the fourth quarter valued at $149,000. Finally, Level Four Advisory Services LLC raised its stake in shares of Sprott Focus Trust by 9.0% during the 4th 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 during the period. 12.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Portfolio Manager W Whitney George purchased 65,998 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were purchased at an average price of $7.30 per share, with a total value of $481,785.40. Following the completion of the acquisition, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. This trade represents a 0.85% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 50.59% of the stock is owned by company insiders.

Sprott Focus Trust Stock Down 0.3%

NASDAQ FUND traded down $0.02 during trading hours on Friday, hitting $7.15. The company had a trading volume of 49,653 shares, compared to its average volume of 40,291. Sprott Focus Trust, Inc. has a 52 week low of $6.21 and a 52 week high of $8.23. The firm has a 50 day simple moving average of $7.09 and a 200 day simple moving average of $7.44.

Sprott Focus Trust Announces Dividend

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

Sprott Focus Trust Company 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.