Royce Focus Trust (FUND) Insider Acquires Over 10,000 Shares

Royce Focus Trust (NASDAQ:FUND) saw an insider raise his holdings in the company today. The Vice President and Director George W. Whitney purchased 12,070 shares of common stock at an average price of $7.9 per share. Following this move, Whitney holds 12,070 shares directly.
A $139.77 million market cap company, Royce Focus Trust (NASDAQ:FUND) actively allocates assets among countries, geographic regions, and currencies. The advisors trie to anticipate changes in U.S. and foreign markets, and considers political and economic conditions to determine allocations. The fund may invest in securities issued anywhere in the world, and there is no limit on the amount it may invest in any one country or currency.
In addition, one institutional investor that is involved in the company is Arbiter Partners Capital Management, the fund run by Paul J. Isaac. The fund showed no change in its holdings last quarter, and currently holds 11,859 shares worth about $100 thousand.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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