Monetary Management Group Inc. Acquires 15,900 Shares of 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. grew its position in SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 132.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in STEW. Costello Asset Management INC acquired a new position in SRH Total Return Fund in the first quarter valued at about $154,000. NBC Securities Inc. boosted its holdings in shares of SRH Total Return Fund by 105,800.0% in the first quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock valued at $164,000 after buying an additional 9,522 shares during the period. Waverly Advisors LLC acquired a new stake in shares of SRH Total Return Fund during the fourth quarter worth $241,000. Millennium Management LLC bought a new stake in SRH Total Return Fund in the 4th quarter valued at $337,000. Finally, Roundview Capital LLC boosted its stake in SRH Total Return Fund by 10.2% in the 1st quarter. Roundview Capital LLC now owns 21,699 shares of the company's stock worth $374,000 after purchasing an additional 2,010 shares during the period. Institutional investors and hedge funds own 15.61% of the company's stock.

SRH Total Return Fund Stock Performance

Shares of STEW traded up $0.07 during midday trading on Wednesday, hitting $18.35. The stock had a trading volume of 44,000 shares, compared to its average volume of 118,535. The company has a 50 day simple moving average of $17.71 and a two-hundred day simple moving average of $17.21. SRH Total Return Fund, Inc. has a twelve month low of $15.00 and a twelve month high of $18.39.

SRH Total Return Fund Dividend Announcement

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

SRH Total Return Fund Company 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.