Wolverine Asset Management LLC boosted its stake in Sprott Focus Trust, Inc. (NASDAQ:FUND – Free Report) by 1,015.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,482 shares of the financial services provider’s stock after purchasing an additional 53,241 shares during the quarter. Wolverine Asset Management LLC’s holdings in Sprott Focus Trust were worth $468,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of FUND. Blue Bell Private Wealth Management LLC acquired a new position in Sprott Focus Trust in the fourth quarter valued at about $28,000. AQR Arbitrage LLC acquired a new position in Sprott Focus Trust in the third quarter valued at about $87,000. Sapient Capital LLC acquired a new position in Sprott Focus Trust during the fourth quarter worth about $668,000. Finally, Shaker Financial Services LLC raised its stake in Sprott Focus Trust by 23.3% during the third quarter. Shaker Financial Services LLC now owns 678,934 shares of the financial services provider’s stock worth $5,112,000 after acquiring an additional 128,100 shares in the last quarter. Institutional investors and hedge funds own 12.63% of the company’s stock.
Sprott Focus Trust Price Performance
Shares of NASDAQ FUND opened at $7.66 on Friday. Sprott Focus Trust, Inc. has a 12 month low of $6.75 and a 12 month high of $8.47. The stock has a 50-day moving average price of $7.79 and a two-hundred day moving average price of $7.64.
Sprott Focus Trust Increases Dividend
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.
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