Wolverine Asset Management LLC Decreases Holdings in SRH Total Return Fund, Inc. (NYSE:STEW)

Key Points

• Wolverine Asset Management LLC reduced its stake in SRH Total Return Fund, Inc. by 46.0%, now holding 156,103 shares after selling 132,780 shares during the first quarter.
• Other institutional investors, including Cetera Investment Advisers and Envestnet Asset Management, increased their positions in SRH Total Return Fund by 3.4% and 1.4% respectively during the same period.
• The stock opened at $17.60 and has a twelve-month range between $14.85 and $17.95, indicating a stable performance within this period.

Wolverine Asset Management LLC cut its stake in SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 46.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,103 shares of the company's stock after selling 132,780 shares during the quarter. Wolverine Asset Management LLC owned 0.16% of SRH Total Return Fund worth $2,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of SRH Total Return Fund during the fourth quarter worth $3,665,000. Capstone Investment Advisors LLC bought a new stake in SRH Total Return Fund during the 4th quarter valued at $1,757,000. Almitas Capital LLC raised its position in SRH Total Return Fund by 36.8% in the 4th quarter. Almitas Capital LLC now owns 301,991 shares of the company's stock valued at $4,838,000 after buying an additional 81,229 shares during the last quarter. Shaker Financial Services LLC raised its position in SRH Total Return Fund by 10.9% in the 4th quarter. Shaker Financial Services LLC now owns 726,726 shares of the company's stock valued at $11,642,000 after buying an additional 71,517 shares during the last quarter. Finally, Consolidated Portfolio Review Corp increased its position in shares of SRH Total Return Fund by 42.1% during the 1st quarter. Consolidated Portfolio Review Corp now owns 201,973 shares of the company's stock valued at $3,484,000 after purchasing an additional 59,857 shares during the last quarter. 15.61% of the stock is owned by institutional investors.

SRH Total Return Fund Trading Up 0.8%

Shares of SRH Total Return Fund stock traded up $0.14 during trading hours on Wednesday, hitting $17.96. 54,247 shares of the company's stock traded hands, compared to its average volume of 121,567. SRH Total Return Fund, Inc. has a 12-month low of $15.00 and a 12-month high of $17.99. The company has a fifty day simple moving average of $17.56 and a 200-day simple moving average of $17.11.

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.