Sapient Capital LLC Trims Stock Holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND)

Sapient Capital LLC lowered its holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 92,179 shares of the financial services provider’s stock after selling 1,952 shares during the period. Sapient Capital LLC owned about 0.31% of Sprott Focus Trust worth $741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Sprott Inc. boosted its holdings in Sprott Focus Trust by 3.1% in the fourth quarter. Sprott Inc. now owns 114,355 shares of the financial services provider’s stock valued at $915,000 after purchasing an additional 3,397 shares during the last quarter. Blue Bell Private Wealth Management LLC purchased a new position in Sprott Focus Trust in the fourth quarter valued at about $28,000. Wolverine Asset Management LLC purchased a new position in Sprott Focus Trust in the third quarter valued at about $39,000. AQR Arbitrage LLC purchased a new position in Sprott Focus Trust in the third quarter valued at about $87,000. Finally, Shaker Financial Services LLC boosted its holdings in Sprott Focus Trust by 23.3% in the third quarter. Shaker Financial Services LLC now owns 678,934 shares of the financial services provider’s stock valued at $5,112,000 after purchasing an additional 128,100 shares during the last quarter. Hedge funds and other institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Trading Down 1.1 %

NASDAQ:FUND traded down $0.08 during trading hours on Tuesday, reaching $7.59. 19,344 shares of the stock were exchanged, compared to its average volume of 31,231. The firm has a 50 day simple moving average of $7.79 and a 200-day simple moving average of $7.65. Sprott Focus Trust, Inc. has a 52 week low of $6.75 and a 52 week high of $8.47.

Sprott Focus Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.1286 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This is a boost from Sprott Focus Trust’s previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a dividend yield of 6.78%.

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.