Shaker Financial Services LLC Buys 71,517 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

Shaker Financial Services LLC lifted its holdings in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 726,726 shares of the company's stock after purchasing an additional 71,517 shares during the quarter. SRH Total Return Fund comprises approximately 4.5% of Shaker Financial Services LLC's investment portfolio, making the stock its biggest position. Shaker Financial Services LLC owned 0.75% of SRH Total Return Fund worth $11,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JP Wealth Management Inc. purchased a new position in shares of SRH Total Return Fund during the fourth quarter worth $14,841,000. Raymond James Financial Inc. purchased a new position in SRH Total Return Fund during the 4th quarter valued at about $3,665,000. Consolidated Portfolio Review Corp purchased a new position in SRH Total Return Fund during the 4th quarter valued at about $2,277,000. Independent Advisor Alliance acquired a new position in SRH Total Return Fund in the 4th quarter valued at about $1,463,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in SRH Total Return Fund during the fourth quarter worth about $822,000. 15.61% of the stock is owned by institutional investors and hedge funds.

SRH Total Return Fund Trading Up 0.3 %

Shares of NYSE STEW traded up $0.05 during midday trading on Friday, hitting $16.96. The company's stock had a trading volume of 89,511 shares, compared to its average volume of 96,138. The business's fifty day simple moving average is $16.61 and its two-hundred day simple moving average is $16.36. SRH Total Return Fund, Inc. has a 1 year low of $14.19 and a 1 year high of $17.46.

SRH Total Return Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.165 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a yield of 3.89%.

SRH Total Return Fund Company 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.