SRH Total Return Fund, Inc. (NYSE:STEW) Shares Acquired by Raymond James & Associates

Raymond James & Associates lifted its stake in SRH Total Return Fund, Inc. (NYSE:STEW) by 4.1% in the second quarter, HoldingsChannel reports. The firm owned 343,602 shares of the company’s stock after acquiring an additional 13,439 shares during the quarter. Raymond James & Associates’ holdings in SRH Total Return Fund were worth $4,999,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in SRH Total Return Fund during the 4th quarter worth approximately $50,000. Principal Securities Inc. purchased a new stake in shares of SRH Total Return Fund during the 4th quarter worth $133,000. Connecticut Wealth Management LLC acquired a new position in shares of SRH Total Return Fund during the fourth quarter worth $140,000. Integrated Capital Management Inc. increased its holdings in SRH Total Return Fund by 13.9% in the second quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock valued at $202,000 after buying an additional 1,690 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new position in SRH Total Return Fund in the fourth quarter valued at $198,000. 15.61% of the stock is owned by institutional investors and hedge funds.

SRH Total Return Fund Stock Up 0.4 %

Shares of NYSE STEW opened at $15.68 on Friday. The business has a 50-day moving average of $15.00 and a two-hundred day moving average of $14.72. SRH Total Return Fund, Inc. has a 1 year low of $12.07 and a 1 year high of $15.79.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be given a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Thursday, October 24th.

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.