Independent Advisor Alliance Purchases Shares of 91,325 SRH Total Return Fund, Inc. (NYSE:STEW)

Independent Advisor Alliance acquired a new position in SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 91,325 shares of the company's stock, valued at approximately $1,463,000. Independent Advisor Alliance owned about 0.09% of SRH Total Return Fund at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in STEW. Oppenheimer & Co. Inc. lifted its holdings in SRH Total Return Fund by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company's stock valued at $1,150,000 after purchasing an additional 804 shares in the last quarter. Sather Financial Group Inc bought a new position in shares of SRH Total Return Fund in the third quarter worth about $303,000. Pathstone Holdings LLC lifted its stake in SRH Total Return Fund by 11.5% in the third quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company's stock worth $18,934,000 after acquiring an additional 123,445 shares during the period. Landscape Capital Management L.L.C. increased its holdings in shares of SRH Total Return Fund by 8.9% during the third quarter. Landscape Capital Management L.L.C. now owns 126,984 shares of the company's stock valued at $2,006,000 after acquiring an additional 10,404 shares in the last quarter. Finally, Synovus Financial Corp acquired a new position in SRH Total Return Fund in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 15.61% of the company's stock.

SRH Total Return Fund Trading Up 1.0 %

STEW traded up $0.16 during trading on Wednesday, reaching $16.74. The company's stock had a trading volume of 82,058 shares, compared to its average volume of 78,008. The firm has a fifty day simple moving average of $16.52 and a two-hundred day simple moving average of $16.17. SRH Total Return Fund, Inc. has a 1 year low of $14.19 and a 1 year high of $17.10.

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SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.94%.

SRH Total Return Fund Profile

SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.