JP Wealth Management Inc. purchased a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 926,405 shares of the company's stock, valued at approximately $14,841,000. SRH Total Return Fund accounts for approximately 10.9% of JP Wealth Management Inc.'s holdings, making the stock its 4th biggest position. JP Wealth Management Inc. owned about 0.96% of SRH Total Return Fund as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pathstone Holdings LLC grew its position in shares of SRH Total Return Fund by 11.5% in the 3rd quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company's stock worth $18,934,000 after buying an additional 123,445 shares during the period. Shaker Financial Services LLC grew its holdings in SRH Total Return Fund by 3.0% in the third quarter. Shaker Financial Services LLC now owns 655,209 shares of the company's stock worth $10,352,000 after purchasing an additional 19,227 shares during the period. Wolverine Asset Management LLC increased its stake in shares of SRH Total Return Fund by 1.3% during the third quarter. Wolverine Asset Management LLC now owns 312,888 shares of the company's stock valued at $4,944,000 after purchasing an additional 4,008 shares in the last quarter. Rocky Mountain Advisers LLC increased its stake in shares of SRH Total Return Fund by 0.4% during the third quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company's stock valued at $3,025,000 after purchasing an additional 802 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of SRH Total Return Fund during the second quarter valued at approximately $2,369,000. 15.61% of the stock is owned by institutional investors.
SRH Total Return Fund Stock Performance
Shares of SRH Total Return Fund stock traded up $0.21 during midday trading on Thursday, hitting $16.82. The company had a trading volume of 36,906 shares, compared to its average volume of 70,550. SRH Total Return Fund, Inc. has a 52-week low of $14.16 and a 52-week high of $16.84. The company has a 50 day moving average of $16.30 and a 200 day moving average of $15.87.
SRH Total Return Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 24th were paid a $0.165 dividend. This is a boost from SRH Total Return Fund's previous quarterly dividend of $0.14. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, January 24th.
About SRH Total Return Fund
(
Free Report)
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.
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