AQR Arbitrage LLC Grows Stake in Sprott Focus Trust, Inc. (NASDAQ:FUND)

AQR Arbitrage LLC boosted its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,776 shares of the financial services provider's stock after buying an additional 41,797 shares during the period. AQR Arbitrage LLC owned 0.55% of Sprott Focus Trust worth $1,182,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Level Four Advisory Services LLC increased its stake in shares of Sprott Focus Trust by 9.0% in the 4th quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider's stock worth $172,000 after acquiring an additional 1,951 shares during the last quarter. Sapient Capital LLC increased its position in shares of Sprott Focus Trust by 3.0% during 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 last quarter. Wells Fargo & Company MN grew its holdings in shares of Sprott Focus Trust by 7.6% in the fourth quarter. Wells Fargo & Company MN now owns 86,671 shares of the financial services provider's stock valued at $634,000 after purchasing an additional 6,126 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Sprott Focus Trust in the 4th quarter valued at about $82,000. Finally, HighTower Advisors LLC acquired a new position in shares of Sprott Focus Trust during the fourth quarter worth $144,000. 12.63% of the stock is owned by institutional investors and hedge funds.

Sprott Focus Trust Trading Up 0.8 %

Shares of NASDAQ FUND traded up $0.06 during mid-day trading on Wednesday, reaching $7.20. The company had a trading volume of 22,691 shares, compared to its average volume of 38,387. The firm has a 50 day simple moving average of $7.14 and a two-hundred day simple moving average of $7.51. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23.

Sprott Focus Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $0.1305 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 7.26%. The ex-dividend date was Friday, March 14th.

Insider Activity at Sprott Focus Trust

In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 65,998 shares of the company's stock in a transaction on Friday, March 28th. The shares were bought at an average price of $7.30 per share, for a total transaction of $481,785.40. Following the transaction, the portfolio manager now owns 7,866,341 shares of the company's stock, valued at approximately $57,424,289.30. This trade represents a 0.85 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 50.59% of the stock is owned by 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.