Hara Capital LLC Buys New Shares in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Hara Capital LLC purchased a new position in Sprott Focus Trust, Inc. (NASDAQ:FUND) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 79,586 shares of the financial services provider’s stock, valued at approximately $582,000. Hara Capital LLC owned 0.27% of Sprott Focus Trust at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sapient Capital LLC grew its stake 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 buying an additional 2,345 shares during the period. Captrust Financial Advisors boosted its holdings in Sprott Focus Trust by 3.4% in the third quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after acquiring an additional 3,028 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its holdings in shares of Sprott Focus Trust by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after acquiring an additional 3,301 shares in the last quarter. 12.63% of the stock is owned by institutional investors.

Sprott Focus Trust Stock Down 0.5 %

Shares of NASDAQ:FUND opened at $7.68 on Tuesday. Sprott Focus Trust, Inc. has a twelve month low of $7.21 and a twelve month high of $8.23. The stock’s 50 day moving average is $7.56 and its 200-day moving average is $7.72.

Sprott Focus Trust Announces Dividend

The firm also recently disclosed a — dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a $0.2161 dividend. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, December 13th.

Insider Activity

In related news, Portfolio Manager W Whitney George bought 106,939 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of $7.27 per share, with a total value of $777,446.53. Following the completion of the transaction, the portfolio manager now directly owns 7,813,063 shares in the company, valued at approximately $56,800,968.01. This represents a 1.39 % 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. Corporate insiders own 50.59% of the company’s stock.

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.