Shaker Financial Services LLC Has $2.75 Million Stock Holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Shaker Financial Services LLC cut its holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 61.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 375,210 shares of the financial services provider's stock after selling 599,393 shares during the quarter. Sprott Focus Trust comprises about 1.1% of Shaker Financial Services LLC's investment portfolio, making the stock its 28th biggest holding. Shaker Financial Services LLC owned 1.26% of Sprott Focus Trust worth $2,745,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FUND. Sapient Capital LLC increased its stake in 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 in the last quarter. Hara Capital LLC acquired a new position in shares of Sprott Focus Trust in the fourth quarter worth about $582,000. Wolverine Asset Management LLC increased its position in shares of Sprott Focus Trust by 38.8% in the fourth quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock worth $1,379,000 after acquiring an additional 52,645 shares in the last quarter. Sprott Inc. raised its holdings in shares of Sprott Focus Trust by 2.3% during the fourth quarter. Sprott Inc. now owns 14,777,915 shares of the financial services provider's stock valued at $108,080,000 after acquiring an additional 327,932 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Sprott Focus Trust during the fourth quarter valued at approximately $149,000. Institutional investors own 12.63% of the company's stock.

Sprott Focus Trust Trading Up 0.1 %

Sprott Focus Trust stock traded up $0.01 during midday trading on Friday, reaching $7.09. The stock had a trading volume of 14,766 shares, compared to its average volume of 37,964. Sprott Focus Trust, Inc. has a twelve month low of $6.21 and a twelve month high of $8.23. The firm's fifty day simple moving average is $7.20 and its two-hundred day simple moving average is $7.54.

Sprott Focus Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $0.1305 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 7.36%.

Insider Activity

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 65,998 shares of Sprott Focus Trust stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average cost of $7.30 per share, with a total value of $481,785.40. Following the purchase, the portfolio manager now owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. The trade was a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 50.59% of the stock is currently owned by corporate insiders.

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.