Stifel Financial Corp Sells 800 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

Stifel Financial Corp lessened its stake in SRH Total Return Fund, Inc. (NYSE:STEW) by 1.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,835 shares of the company’s stock after selling 800 shares during the quarter. Stifel Financial Corp’s holdings in SRH Total Return Fund were worth $803,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in STEW. Landscape Capital Management L.L.C. increased its stake in shares of SRH Total Return Fund by 8.9% in the 3rd 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 during the last quarter. Pathstone Holdings LLC boosted its stake in SRH Total Return Fund by 11.5% during the 3rd 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 last quarter. Sather Financial Group Inc acquired a new position in SRH Total Return Fund during the third quarter valued at approximately $303,000. Oppenheimer & Co. Inc. increased its stake in SRH Total Return Fund by 1.1% in 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. Finally, Wolverine Asset Management LLC increased its stake in SRH Total Return Fund by 1.3% in 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. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Stock Up 0.3 %

Shares of SRH Total Return Fund stock opened at $15.98 on Wednesday. The stock’s fifty day simple moving average is $16.16 and its 200 day simple moving average is $15.53. SRH Total Return Fund, Inc. has a 12 month low of $13.64 and a 12 month high of $16.83.

SRH Total Return Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 24th. This is an increase 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 4.13%.

About SRH Total Return Fund

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.