Doliver Advisors LP Lowers Stock Position in Sprott Focus Trust (NASDAQ:FUND)

Doliver Advisors LP lessened its stake in shares of Sprott Focus Trust (NASDAQ:FUND) by 17.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,879 shares of the financial services provider’s stock after selling 2,959 shares during the quarter. Doliver Advisors LP’s holdings in Sprott Focus Trust were worth $92,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. First Allied Advisory Services Inc. boosted its stake in Sprott Focus Trust by 6.9% during the second quarter. First Allied Advisory Services Inc. now owns 258,711 shares of the financial services provider’s stock worth $1,744,000 after buying an additional 16,722 shares during the period. Morgan Stanley boosted its stake in shares of Sprott Focus Trust by 2.2% in the second quarter. Morgan Stanley now owns 130,439 shares of the financial services provider’s stock valued at $879,000 after purchasing an additional 2,775 shares during the period. NEXT Financial Group Inc purchased a new position in shares of Sprott Focus Trust in the second quarter valued at approximately $176,000. Shaker Financial Services LLC boosted its stake in shares of Sprott Focus Trust by 55.1% in the third quarter. Shaker Financial Services LLC now owns 629,802 shares of the financial services provider’s stock valued at $4,245,000 after purchasing an additional 223,711 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Sprott Focus Trust by 39.5% in the second quarter. HighTower Advisors LLC now owns 35,673 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 10,100 shares during the period. 18.23% of the stock is owned by institutional investors.

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NASDAQ FUND opened at $7.13 on Friday. Sprott Focus Trust has a one year low of $5.46 and a one year high of $7.17. The firm has a 50 day simple moving average of $6.79 and a 200-day simple moving average of $6.72.

In related news, Portfolio Manager W Whitney George acquired 20,802 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were bought at an average price of $6.54 per share, with a total value of $136,045.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have acquired 57,731 shares of company stock worth $383,762. 36.90% of the stock is owned by corporate insiders.

Sprott Focus Trust Profile

There is no company description available for Sprott Focus Trust Inc.

Further Reading: Strangles

Want to see what other hedge funds are holding FUND? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sprott Focus Trust (NASDAQ:FUND).

Institutional Ownership by Quarter for Sprott Focus Trust (NASDAQ:FUND)

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