Sprott Focus Trust, Inc. (NASDAQ:FUND) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its holdings in Sprott Focus Trust, Inc. (NASDAQ:FUND) by 29.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,723 shares of the financial services provider’s stock after selling 15,712 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Sprott Focus Trust were worth $276,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FUND. HighTower Advisors LLC purchased a new position in shares of Sprott Focus Trust during the 4th quarter valued at approximately $144,000. Raymond James Financial Inc. purchased a new position in Sprott Focus Trust during the fourth quarter valued at $149,000. Level Four Advisory Services LLC increased its stake in shares of 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 purchasing an additional 1,951 shares in the last quarter. Hara Capital LLC acquired a new position in shares of Sprott Focus Trust during the fourth quarter valued at approximately $582,000. Finally, Sapient Capital LLC increased its position in shares of Sprott Focus Trust by 3.0% during the fourth 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. 12.63% of the stock is owned by institutional investors and hedge funds.

Sprott Focus Trust Stock Performance

Shares of FUND stock opened at $6.47 on Tuesday. Sprott Focus Trust, Inc. has a fifty-two week low of $6.21 and a fifty-two week high of $8.23. The stock’s fifty day moving average is $7.45 and its two-hundred day moving average is $7.63.

Sprott Focus Trust Announces Dividend

The firm also recently declared 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. The ex-dividend date was Friday, March 14th. This represents a $0.52 dividend on an annualized basis and a yield of 8.07%.

Insider Activity at Sprott Focus Trust

In related news, Portfolio Manager W Whitney George bought 65,998 shares of the company’s stock in a transaction 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 acquisition, the portfolio manager now directly owns 7,866,341 shares in the company, valued at $57,424,289.30. This represents a 0.85 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 50.59% of the stock is owned by corporate 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.