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Shaker Financial Services LLC Sells 445,840 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

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Key Points

  • Shaker Financial Services LLC reduced its stake in the SRH Total Return Fund by 61.3%, now holding 280,886 shares valued at approximately $4.85 million.
  • Several institutional investors, including JP Wealth Management Inc. and CSS LLC IL, have increased their holdings in SRH Total Return Fund, contributing to a total of 15.61% of the stock being owned by institutional investors.
  • The SRH Total Return Fund announced a quarterly dividend of $0.165 per share, yielding an annualized 3.8%, with the ex-dividend date being July 24.
  • Want stock alerts on SRH Total Return Fund? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shaker Financial Services LLC lowered its holdings in SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 61.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 280,886 shares of the company's stock after selling 445,840 shares during the quarter. SRH Total Return Fund accounts for about 1.9% of Shaker Financial Services LLC's holdings, making the stock its 10th biggest position. Shaker Financial Services LLC owned about 0.29% of SRH Total Return Fund worth $4,845,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STEW. NBC Securities Inc. increased its stake in shares of SRH Total Return Fund by 105,800.0% during the 1st quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock valued at $164,000 after acquiring an additional 9,522 shares during the last quarter. Waverly Advisors LLC purchased a new stake in shares of SRH Total Return Fund during the 4th quarter worth about $241,000. Millennium Management LLC purchased a new stake in shares of SRH Total Return Fund during the 4th quarter worth about $337,000. Roundview Capital LLC grew its holdings in shares of SRH Total Return Fund by 10.2% during 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. Finally, Beverly Hills Private Wealth LLC purchased a new stake in shares of SRH Total Return Fund during the 1st quarter worth about $391,000. Institutional investors and hedge funds own 15.61% of the company's stock.

SRH Total Return Fund Stock Up 0.1%

Shares of NYSE:STEW traded up $0.02 during trading on Friday, reaching $17.60. 75,234 shares of the stock were exchanged, compared to its average volume of 84,367. SRH Total Return Fund, Inc. has a 12-month low of $14.85 and a 12-month high of $17.95. The firm's 50-day moving average price is $17.55 and its 200 day moving average price is $17.09.

SRH Total Return Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SRH Total Return Fund (NYSE:STEW)

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