HighTower Advisors LLC Purchases Shares of 19,750 Sprott Focus Trust, Inc. (NASDAQ:FUND)

HighTower Advisors LLC acquired a new position in Sprott Focus Trust, Inc. (NASDAQ:FUND) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,750 shares of the financial services provider’s stock, valued at approximately $144,000. HighTower Advisors LLC owned about 0.07% of Sprott Focus Trust as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FUND. Raymond James Financial Inc. acquired a new stake in Sprott Focus Trust in the fourth quarter valued at approximately $149,000. Hara Capital LLC acquired a new stake in shares of Sprott Focus Trust in the 4th quarter worth $582,000. Sapient Capital LLC boosted its position 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 in the last quarter. Captrust Financial Advisors grew its stake in Sprott Focus Trust by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock worth $712,000 after buying an additional 3,028 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in Sprott Focus Trust by 41.3% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 133,641 shares of the financial services provider’s stock valued at $978,000 after buying an additional 39,078 shares in the last quarter. Institutional investors own 12.63% of the company’s stock.

Insider Buying and Selling

In other news, Portfolio Manager W Whitney George purchased 65,998 shares of the stock in a transaction on Friday, March 28th. The stock was bought at an average price of $7.30 per share, with a total value of $481,785.40. Following the transaction, the portfolio manager now owns 7,866,341 shares in the company, valued at $57,424,289.30. The trade was a 0.85 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 50.59% of the stock is owned by company insiders.

Sprott Focus Trust Price Performance

Shares of NASDAQ FUND opened at $6.62 on Friday. Sprott Focus Trust, Inc. has a fifty-two week low of $6.59 and a fifty-two week high of $8.23. The business has a 50-day simple moving average of $7.47 and a two-hundred day simple moving average of $7.64.

Sprott Focus Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.1305 dividend. This represents a $0.52 annualized dividend and a dividend yield of 7.89%. The ex-dividend date was Friday, March 14th.

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.