59,365 Shares in SRH Total Return Fund, Inc. $STEW Bought by Beverly Hills Private Wealth LLC

Key Points

• Beverly Hills Private Wealth LLC purchased 59,365 shares of SRH Total Return Fund, valued at approximately $1.06 million, representing about 0.06% of the fund.
• Several other institutional investors also increased or initiated positions, with hedge funds and institutions collectively owning 15.61% of STEW. Director Jacob E. Hemmer separately purchased 5,000 shares, doubling his direct ownership.
• STEW traded at $18.57 and recently declared a quarterly dividend of $0.20 per share, equivalent to an annualized payout of $0.80 and a 4.3% yield.

Beverly Hills Private Wealth LLC purchased a new stake in SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 59,365 shares of the company's stock, valued at approximately $1,063,000. Beverly Hills Private Wealth LLC owned approximately 0.06% of SRH Total Return Fund as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of SRH Total Return Fund by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company's stock worth $12,340,000 after purchasing an additional 63,439 shares during the period. 1607 Capital Partners LLC increased its position in shares of SRH Total Return Fund by 8.1% during the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company's stock valued at $16,052,000 after buying an additional 64,950 shares during the period. Winning Points Advisors LLC bought a new position in SRH Total Return Fund in the fourth quarter worth about $3,414,000. Janney Montgomery Scott LLC bought a new position in SRH Total Return Fund in the first quarter worth about $565,000. Finally, Kingdom Financial Group LLC. bought a new position in SRH Total Return Fund in the fourth quarter worth about $2,865,000. 15.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SRH Total Return Fund

In other SRH Total Return Fund news, Director Jacob E. Hemmer bought 5,000 shares of SRH Total Return Fund stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $17.53 per share, with a total value of $87,650.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at $175,300. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company's stock.

SRH Total Return Fund Stock Performance

NYSE STEW opened at $18.57 on Monday. The stock's 50 day moving average is $18.17 and its 200 day moving average is $17.82. SRH Total Return Fund, Inc. has a twelve month low of $16.55 and a twelve month high of $19.05.

SRH Total Return Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 annualized dividend and a yield of 4.3%.

About SRH Total Return Fund

SRH Total Return Fund NYSE: STEW is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.

Want to see what other hedge funds are holding STEW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SRH Total Return Fund, Inc. (NYSE:STEW - Free Report).

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