Wolverine Asset Management LLC Buys 53,241 Shares of Sprott Focus Trust, Inc. (NASDAQ:FUND)

Wolverine Asset Management LLC boosted its stake in shares of Sprott Focus Trust, Inc. (NASDAQ:FUND) by 1,015.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 58,482 shares of the financial services provider’s stock after acquiring an additional 53,241 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.20% of Sprott Focus Trust worth $468,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in FUND. Shaker Financial Services LLC grew its holdings in Sprott Focus Trust by 23.3% during the 3rd 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 during the last quarter. AQR Arbitrage LLC bought a new stake in Sprott Focus Trust during the 3rd quarter worth about $87,000. Blue Bell Private Wealth Management LLC bought a new position in shares of Sprott Focus Trust in the 4th quarter valued at about $28,000. Finally, Sapient Capital LLC bought a new position in shares of Sprott Focus Trust in the 4th quarter valued at about $668,000. Institutional investors own 12.63% of the company’s stock.

Sprott Focus Trust Stock Up 0.1 %

Shares of NASDAQ FUND opened at $7.66 on Friday. Sprott Focus Trust, Inc. has a 1 year low of $6.75 and a 1 year high of $8.47. The firm’s 50-day moving average is $7.79 and its 200-day moving average is $7.64.

Sprott Focus Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.1286 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Wednesday, March 13th. This is a positive change from Sprott Focus Trust’s previous quarterly dividend of $0.13.

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.