Monetary Management Group Inc. Has $481,000 Position in SRH Total Return Fund, Inc. $STEW

Key Points

• Monetary Management Group Inc. increased its stake in SRH Total Return Fund, Inc. by 132.5%, acquiring an additional 15,900 shares in the first quarter, bringing its total holdings to 27,900 shares valued at approximately $481,000.
• The SRH Total Return Fund has announced a quarterly dividend of $0.165 per share, with an annualized yield of 3.7%, set to be paid on October 31st.
• Various other hedge funds have made significant transactions involving SRH Total Return Fund, increasing overall institutional ownership to 15.61%.

Monetary Management Group Inc. increased its stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 132.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 27,900 shares of the company's stock after buying an additional 15,900 shares during the period. Monetary Management Group Inc.'s holdings in SRH Total Return Fund were worth $481,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of STEW. Raymond James Financial Inc. bought a new stake in shares of SRH Total Return Fund during the 4th quarter worth about $3,665,000. Capstone Investment Advisors LLC acquired a new position in shares of SRH Total Return Fund during the 4th quarter worth approximately $1,757,000. SouthState Corp acquired a new position in shares of SRH Total Return Fund during the 1st quarter worth approximately $1,725,000. Almitas Capital LLC increased its holdings in shares of SRH Total Return Fund by 36.8% during the fourth quarter. Almitas Capital LLC now owns 301,991 shares of the company's stock worth $4,838,000 after purchasing an additional 81,229 shares during the period. Finally, Consolidated Portfolio Review Corp increased its holdings in shares of SRH Total Return Fund by 42.1% during the first quarter. Consolidated Portfolio Review Corp now owns 201,973 shares of the company's stock worth $3,484,000 after purchasing an additional 59,857 shares during the period. Institutional investors own 15.61% of the company's stock.

SRH Total Return Fund Stock Up 0.9%

Shares of STEW traded up $0.1650 during mid-day trading on Friday, hitting $18.2150. 58,485 shares of the company's stock were exchanged, compared to its average volume of 81,459. SRH Total Return Fund, Inc. has a 52 week low of $15.00 and a 52 week high of $18.24. The stock's 50-day simple moving average is $17.67 and its 200-day simple moving average is $17.19.

SRH Total Return Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.66 annualized dividend and a dividend yield of 3.6%.

SRH Total Return Fund Profile

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.