Rivernorth Capital Management LLC Trimmed Its Sprott Focus Tr INC (FUND) Stake by $3.28 Million

Rivernorth Capital Management Llc decreased its stake in Sprott Focus Tr Inc (FUND) by 49.05% based on its latest 2019Q2 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 547,015 shares as the company’s stock 0.00% . The institutional investor held 568,256 shares of the consumer services company at the end of 2019Q2, valued at $3.83 million, down from 1.12 million at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Sprott Focus Tr Inc for a number of months, seems to be less bullish one the $196.38M market cap company. The stock increased 0.39% or $0.03 during the last trading session, reaching $6.96. About 54,880 shares traded or 26.99% up from the average. Sprott Focus Trust, Inc. (NASDAQ:FUND) has 0.00% since September 13, 2018 and is . It has by 0.00% the S&P500.

Rivernorth Capital Management Llc, which manages about $2.15 billion and $2.30 billion US Long portfolio, upped its stake in Cornerstone Strategic Value (CLM) by 333,116 shares to 1.23 million shares, valued at $14.32M in 2019Q2, according to the filing. It also increased its holding in Western Asset High Incm Opp (HIO) by 1.67M shares in the quarter, for a total of 12.32M shares, and has risen its stake in Nuveen Ohio Qlty Mun Income (NUO).

More notable recent Sprott Focus Trust, Inc. (NASDAQ:FUND) news were published by: Nasdaq.com which released: “Fund manager BlackRock opens office in Saudi Arabia – Nasdaq” on September 04, 2019, also Nasdaq.com with their article: “2 Mutual Funds to Gain From Oil’s Recent Slump – Nasdaq” published on September 12, 2019, Nasdaq.com published: “Take Buffett’s Advice: 5 Vanguard Funds to Buy – Nasdaq” on September 09, 2019. More interesting news about Sprott Focus Trust, Inc. (NASDAQ:FUND) were released by: Nasdaq.com and their article: “Hedge funds sell oil as global economy deteriorates – Nasdaq” published on September 09, 2019 as well as Nasdaq.com‘s news article titled: “Blackrock Enhanced Government Fund, Inc (EGF) Ex-Dividend Date Scheduled for September 13, 2019 – Nasdaq” with publication date: September 12, 2019.

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