Level Four Advisory Services LLC Acquires 1,951 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND)

Level Four Advisory Services LLC lifted its stake in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 9.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,548 shares of the financial services provider’s stock after buying an additional 1,951 shares during the period. Level Four Advisory Services LLC’s holdings in Sprott Focus Trust were worth $172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC acquired a new position in shares of Sprott Focus Trust during the 4th quarter worth approximately $144,000. Raymond James Financial Inc. acquired a new position in Sprott Focus Trust during the fourth quarter worth $149,000. Hara Capital LLC bought a new stake in Sprott Focus Trust during the fourth quarter worth $582,000. Sapient Capital LLC lifted its stake in Sprott Focus Trust by 3.0% in the fourth quarter. Sapient Capital LLC now owns 81,603 shares of the financial services provider’s stock valued at $597,000 after acquiring an additional 2,345 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of Sprott Focus Trust by 3.4% in the 3rd quarter. Captrust Financial Advisors now owns 92,514 shares of the financial services provider’s stock valued at $712,000 after acquiring an additional 3,028 shares during the period. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Stock Down 0.3 %

Shares of FUND stock opened at $7.39 on Wednesday. Sprott Focus Trust, Inc. has a 52-week low of $7.15 and a 52-week high of $8.23. The firm’s 50-day moving average is $7.51 and its 200-day moving average is $7.65.

Sprott Focus Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.1305 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.52 annualized dividend and a dividend yield of 7.06%.

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George acquired 65,998 shares of the firm’s stock in a transaction on Friday, March 28th. The shares were purchased at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the acquisition, the portfolio manager now directly owns 7,866,341 shares in the company, valued at approximately $57,424,289.30. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.