Bank of America Corp DE Buys New Position in SRH Total Return Fund, Inc. $STEW

Key Points

• Bank of America bought 286,235 shares of SRH Total Return Fund during the second quarter, valued at approximately $5.1 million and representing about 0.30% of the fund.
• Institutional investors own 15.61% of STEW, with several firms recently initiating or increasing positions.
• STEW was trading at $17.58, within its $16.55–$19.05 one-year range, and declared a quarterly dividend of $0.20 per share, equivalent to a 4.6% annualized yield.

Bank of America Corp DE bought a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 286,235 shares of the company's stock, valued at approximately $5,124,000. Bank of America Corp DE owned about 0.30% of SRH Total Return Fund as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. D.A. Davidson & CO. lifted its position in shares of SRH Total Return Fund by 0.7% during the first quarter. D.A. Davidson & CO. now owns 83,645 shares of the company's stock worth $1,430,000 after purchasing an additional 581 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of SRH Total Return Fund in the first quarter worth about $26,000. Rockefeller Capital Management L.P. purchased a new position in SRH Total Return Fund in the 4th quarter worth about $32,000. Monetary Management Group Inc. increased its stake in SRH Total Return Fund by 6.5% in the 4th quarter. Monetary Management Group Inc. now owns 29,700 shares of the company's stock worth $551,000 after buying an additional 1,800 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in SRH Total Return Fund by 38.3% during the 4th quarter. Global Retirement Partners LLC now owns 8,005 shares of the company's stock valued at $148,000 after buying an additional 2,218 shares in the last quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Price Performance

SRH Total Return Fund stock opened at $17.58 on Tuesday. SRH Total Return Fund, Inc. has a 1 year low of $16.55 and a 1 year high of $19.05. The firm has a 50-day moving average of $18.36 and a two-hundred day moving average of $17.89.

SRH Total Return Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, October 23rd.

About SRH Total Return Fund

SRH Total Return Fund, Inc NYSE: STEW is a diversified closed-end investment company. Rather than operating a conventional business, the fund invests in a portfolio of publicly traded securities with the objective of providing shareholders with long-term total return through a combination of capital appreciation and investment income.

The fund primarily invests in equity securities of companies across a range of industries and may also hold other investments, including fixed-income securities.

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