JP Wealth Management Inc. Purchases 42,040 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

JP Wealth Management Inc. increased its stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 4.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 968,445 shares of the company's stock after acquiring an additional 42,040 shares during the period. SRH Total Return Fund comprises 5.4% of JP Wealth Management Inc.'s holdings, making the stock its 4th largest position. JP Wealth Management Inc. owned approximately 1.00% of SRH Total Return Fund worth $16,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. grew its holdings in SRH Total Return Fund by 105,800.0% during the first quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock worth $164,000 after acquiring an additional 9,522 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in SRH Total Return Fund by 207.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company's stock valued at $182,000 after purchasing an additional 7,692 shares during the period. PNC Financial Services Group Inc. grew its holdings in SRH Total Return Fund by 110.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company's stock valued at $216,000 after purchasing an additional 7,065 shares during the period. Waverly Advisors LLC acquired a new stake in SRH Total Return Fund in the fourth quarter valued at approximately $241,000. Finally, Level Four Advisory Services LLC grew its holdings in SRH Total Return Fund by 4.8% in the fourth quarter. Level Four Advisory Services LLC now owns 18,496 shares of the company's stock valued at $296,000 after purchasing an additional 854 shares during the period. 15.61% of the stock is owned by institutional investors and hedge funds.

SRH Total Return Fund Stock Up 0.1%

STEW traded up $0.03 during trading on Thursday, hitting $17.14. The company's stock had a trading volume of 94,567 shares, compared to its average volume of 105,293. SRH Total Return Fund, Inc. has a twelve month low of $14.32 and a twelve month high of $17.89. The business's fifty day simple moving average is $17.24 and its 200 day simple moving average is $16.73.

SRH Total Return Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.85%. The ex-dividend date is Thursday, July 24th.

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.