SRH Total Return Fund, Inc. $STEW Shares Acquired by JP Wealth Management Inc.

Key Points

• JP Wealth Management Inc. has increased its position in SRH Total Return Fund by 32.8%, making it the fund's third largest holding in its portfolio.
• SRH Total Return Fund recently declared a quarterly dividend of $0.165 per share, representing an annualized dividend yield of 3.6%.
• Various other investors, including Thurston Springer Miller Herd & Titak Inc. and NBC Securities Inc., have also significantly increased their stakes in the fund.

JP Wealth Management Inc. increased its position in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 32.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,286,433 shares of the company's stock after purchasing an additional 317,988 shares during the quarter. SRH Total Return Fund makes up approximately 17.0% of JP Wealth Management Inc.'s investment portfolio, making the stock its 3rd largest position. JP Wealth Management Inc. owned about 1.33% of SRH Total Return Fund worth $22,744,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SRH Total Return Fund by 142.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Costello Asset Management INC purchased a new stake in shares of SRH Total Return Fund during the first quarter worth approximately $154,000. NBC Securities Inc. increased its position in shares of SRH Total Return Fund by 105,800.0% during the first quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock worth $164,000 after purchasing an additional 9,522 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of SRH Total Return Fund during the fourth quarter worth approximately $337,000. Finally, Roundview Capital LLC increased its position in shares of SRH Total Return Fund by 10.2% during the first quarter. Roundview Capital LLC now owns 21,699 shares of the company's stock worth $374,000 after purchasing an additional 2,010 shares in the last quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Trading Up 0.4%

Shares of STEW opened at $18.12 on Monday. SRH Total Return Fund, Inc. has a one year low of $15.00 and a one year high of $18.67. The stock has a 50 day moving average price of $18.09 and a 200 day moving average price of $17.54.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 24th.

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.

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