Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Bought by AQR Arbitrage LLC

AQR Arbitrage LLC raised its position in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 34.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,776 shares of the financial services provider’s stock after acquiring an additional 41,797 shares during the quarter. AQR Arbitrage LLC owned approximately 0.55% of Sprott Focus Trust worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC purchased a new position in Sprott Focus Trust in the 4th quarter worth approximately $82,000. HighTower Advisors LLC acquired a new stake in shares of Sprott Focus Trust in the fourth quarter valued at approximately $144,000. Raymond James Financial Inc. purchased a new position in Sprott Focus Trust during the fourth quarter worth approximately $149,000. Level Four Advisory Services LLC boosted its stake in Sprott Focus Trust by 9.0% during the fourth quarter. Level Four Advisory Services LLC now owns 23,548 shares of the financial services provider’s stock worth $172,000 after buying an additional 1,951 shares during the last quarter. Finally, Hara Capital LLC purchased a new stake in Sprott Focus Trust in the 4th quarter valued at $582,000. Hedge funds and other institutional investors own 12.63% of the company’s stock.

Insiders Place Their Bets

In other Sprott Focus Trust news, Portfolio Manager W Whitney George acquired 65,998 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of $7.30 per share, for a total transaction of $481,785.40. Following the completion of the transaction, the portfolio manager now owns 7,866,341 shares of the company’s stock, valued at approximately $57,424,289.30. The trade was a 0.85 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 50.59% of the stock is owned by insiders.

Sprott Focus Trust Stock Up 0.7 %

Shares of FUND opened at $7.16 on Friday. Sprott Focus Trust, Inc. has a 52-week low of $6.21 and a 52-week high of $8.23. The stock has a fifty day simple moving average of $7.16 and a two-hundred day simple moving average of $7.53.

Sprott Focus Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a dividend of $0.1305 per share. This represents a $0.52 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend was Friday, March 14th.

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.