Almitas Capital LLC Purchases New Stake in SRH Total Return Fund, Inc. $STEW

Key Points

• Almitas Capital LLC purchased 133,773 shares of SRH Total Return Fund, valued at approximately $2.4 million and representing about 0.14% of the fund.
• Several other institutional investors also initiated positions during the second quarter; institutional and hedge-fund ownership now stands at 15.61%.
• STEW shares recently traded at $18.53, while the fund announced a quarterly dividend of $0.20 per share, equal to an annualized $0.80 payout and a 4.3% yield.

Almitas Capital LLC purchased a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 133,773 shares of the company's stock, valued at approximately $2,395,000. Almitas Capital LLC owned approximately 0.14% of SRH Total Return Fund as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of STEW. Bank of America Corp DE acquired a new position in shares of SRH Total Return Fund during the 2nd quarter valued at $5,124,000. Ancora Advisors LLC acquired a new position in shares of SRH Total Return Fund during the second quarter worth about $277,000. Peak Asset Management LLC purchased a new stake in shares of SRH Total Return Fund in the second quarter worth about $918,000. Nitor Capital Management LLC purchased a new stake in shares of SRH Total Return Fund in the second quarter worth about $253,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of SRH Total Return Fund in the second quarter valued at about $338,000. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Trading Down 0.7%

Shares of NYSE:STEW opened at $18.53 on Friday. The business's 50-day simple moving average is $18.30 and its 200 day simple moving average is $17.85. SRH Total Return Fund, Inc. has a one year low of $16.55 and a one year high of $19.05.

SRH Total Return Fund Announces Dividend

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

SRH Total Return Fund Profile

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.

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