SRH Total Return Fund, Inc. (NYSE:STEW) is Shaker Financial Services LLC's 10th Largest Position

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.

Shaker Financial Services LLC trimmed its position in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 61.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 280,886 shares of the company's stock after selling 445,840 shares during the quarter. SRH Total Return Fund makes up 1.9% of Shaker Financial Services LLC's holdings, making the stock its 10th biggest holding. Shaker Financial Services LLC owned approximately 0.29% of SRH Total Return Fund worth $4,845,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in SRH Total Return Fund in the 4th quarter valued at $3,665,000. Capstone Investment Advisors LLC bought a new position in shares of SRH Total Return Fund during the 4th quarter valued at $1,757,000. Almitas Capital LLC lifted its position in SRH Total Return Fund by 36.8% in the fourth quarter. Almitas Capital LLC now owns 301,991 shares of the company's stock valued at $4,838,000 after purchasing an additional 81,229 shares during the last quarter. Consolidated Portfolio Review Corp lifted its holdings in SRH Total Return Fund by 42.1% in the 1st quarter. Consolidated Portfolio Review Corp now owns 201,973 shares of the company's stock worth $3,484,000 after buying an additional 59,857 shares during the period. Finally, JP Wealth Management Inc. raised its stake in SRH Total Return Fund by 4.5% in the first quarter. JP Wealth Management Inc. now owns 968,445 shares of the company's stock worth $16,706,000 after buying an additional 42,040 shares in the last quarter. Institutional investors own 15.61% of the company's stock.

SRH Total Return Fund Trading Down 0.1%

STEW traded down $0.01 during trading on Thursday, reaching $17.58. 56,994 shares of the company traded hands, compared to its average volume of 85,487. The firm has a fifty day simple moving average of $17.55 and a 200 day simple moving average of $17.08. SRH Total Return Fund, Inc. has a 12-month low of $14.80 and a 12-month high of $17.95.

SRH Total Return Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th were paid a dividend of $0.165 per share. The ex-dividend date was Thursday, July 24th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.8%.

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.