Raymond James Financial Inc. Buys Shares of 228,801 SRH Total Return Fund, Inc. (NYSE:STEW)

Raymond James Financial Inc. purchased a new position in SRH Total Return Fund, Inc. (NYSE:STEW) in the fourth quarter, Holdings Channel.com reports. The firm purchased 228,801 shares of the company’s stock, valued at approximately $3,665,000.

Several other hedge funds have also recently made changes to their positions in the stock. Buffington Mohr McNeal bought a new position in SRH Total Return Fund in the fourth quarter valued at about $171,000. Steward Partners Investment Advisory LLC increased its position in shares of SRH Total Return Fund by 207.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock valued at $182,000 after purchasing an additional 7,692 shares during the last quarter. Absolute Investment Advisers LLC bought a new position in shares of SRH Total Return Fund in the 4th quarter worth approximately $197,000. Synovus Financial Corp bought a new position in shares of SRH Total Return Fund in the 3rd quarter worth approximately $202,000. Finally, Calamos Advisors LLC purchased a new position in shares of SRH Total Return Fund in the fourth quarter worth approximately $272,000. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Up 0.9 %

Shares of STEW stock opened at $17.34 on Friday. SRH Total Return Fund, Inc. has a 12 month low of $14.19 and a 12 month high of $17.46. The company has a 50 day simple moving average of $16.65 and a two-hundred day simple moving average of $16.22.

SRH Total Return Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.165 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a dividend yield of 3.81%.

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.