Blue Bell Private Wealth Management LLC boosted its position in Sprott Focus Trust, Inc. (NASDAQ:FUND - Free Report) by 41.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 133,641 shares of the financial services provider's stock after purchasing an additional 39,078 shares during the quarter. Blue Bell Private Wealth Management LLC owned about 0.45% of Sprott Focus Trust worth $978,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Sprott Focus Trust during the 4th quarter valued at about $149,000. Hara Capital LLC acquired a new position in shares of Sprott Focus Trust during the 4th quarter valued at about $582,000. Sapient Capital LLC increased its stake 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 valued at $597,000 after acquiring an additional 2,345 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of 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 valued at $712,000 after acquiring an additional 3,028 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Sprott Focus Trust by 38.8% during the 4th quarter. Wolverine Asset Management LLC now owns 188,488 shares of the financial services provider's stock valued at $1,379,000 after acquiring an additional 52,645 shares during the last quarter. Institutional investors and hedge funds own 12.63% of the company's stock.
In other Sprott Focus Trust news, Portfolio Manager W Whitney George bought 106,939 shares of the company's stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $7.27 per share, with a total value of $777,446.53. Following the transaction, the portfolio manager now owns 7,813,063 shares in the company, valued at $56,800,968.01. This trade represents a 1.39 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 50.59% of the company's stock.
NASDAQ FUND opened at $7.44 on Friday. Sprott Focus Trust, Inc. has a 12 month low of $7.21 and a 12 month high of $8.23. The company has a 50-day moving average of $7.54 and a 200-day moving average of $7.71.
The firm also recently announced a dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.1305 per share. The ex-dividend date is Friday, March 14th.
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.
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