SouthState Corp Takes $1.73 Million Position in SRH Total Return Fund, Inc. (NYSE:STEW)

Key Points

• SouthState Corp purchased 100,000 shares of the SRH Total Return Fund, Inc. (NYSE:STEW), valued at approximately $1,725,000, during the first quarter.
• Multiple other hedge funds also adjusted their positions in SRH Total Return Fund, with institutions owning a total of 15.61% of the company's stock.
• As of Monday, STEW stock opened at $17.60, with a 52-week trading range from a low of $14.85 to a high of $17.95.

SouthState Corp bought a new position in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company's stock, valued at approximately $1,725,000. SouthState Corp owned about 0.10% of SRH Total Return Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in SRH Total Return Fund by 13.7% in the 4th quarter. Wells Fargo & Company MN now owns 182,927 shares of the company's stock valued at $2,930,000 after acquiring an additional 22,035 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of SRH Total Return Fund by 5.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 87,326 shares of the company's stock valued at $1,399,000 after acquiring an additional 4,563 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of SRH Total Return Fund during the 4th quarter valued at approximately $3,665,000. NewEdge Advisors LLC boosted its position in shares of SRH Total Return Fund by 8.0% during the 4th quarter. NewEdge Advisors LLC now owns 75,267 shares of the company's stock valued at $1,206,000 after acquiring an additional 5,550 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of SRH Total Return Fund by 1.7% during the 4th quarter. MML Investors Services LLC now owns 73,787 shares of the company's stock valued at $1,182,000 after acquiring an additional 1,212 shares during the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Up 0.1%

Shares of NYSE STEW traded up $0.03 during midday trading on Friday, reaching $18.02. 110,317 shares of the stock traded hands, compared to its average volume of 121,137. SRH Total Return Fund, Inc. has a one year low of $15.00 and a one year high of $18.11. The company's 50 day moving average is $17.58 and its 200 day moving average is $17.12.

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.