Wolverine Asset Management LLC Buys 52,645 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND)

Wolverine Asset Management LLC boosted its position in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 38.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,488 shares of the financial services provider’s stock after buying an additional 52,645 shares during the period. Wolverine Asset Management LLC’s holdings in Sprott Focus Trust were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in FUND. Hara Capital LLC acquired a new stake in Sprott Focus Trust in the fourth quarter valued at approximately $582,000. Sapient Capital LLC lifted its holdings 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. Integrated Wealth Concepts LLC grew its position in Sprott Focus Trust by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 329,649 shares of the financial services provider’s stock valued at $2,538,000 after purchasing an additional 3,301 shares during the period. Finally, Captrust Financial Advisors grew its position in 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 purchasing an additional 3,028 shares during the period. 12.63% of the stock is owned by institutional investors and hedge funds.

Sprott Focus Trust Stock Performance

FUND opened at $7.55 on Friday. Sprott Focus Trust, Inc. has a 1-year low of $7.21 and a 1-year high of $8.23. The company’s fifty day moving average price is $7.53 and its two-hundred day moving average price is $7.72.

Sprott Focus Trust Dividend Announcement

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

Insider Buying and Selling

In related news, Portfolio Manager W Whitney George acquired 106,939 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of $7.27 per share, with a total value of $777,446.53. Following the acquisition, the portfolio manager now owns 7,813,063 shares of the company’s stock, valued at approximately $56,800,968.01. This trade represents a 1.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 50.59% of the stock is currently owned by company insiders.

About Sprott Focus Trust

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.