SRH Total Return Fund, Inc. $STEW Stock: Shaker Financial Services LLC Trims Holdings

Key Points

• Shaker Financial Services cut its SRH Total Return Fund stake by 39.8% in the third quarter, selling 118,972 shares and retaining 179,744 shares valued at approximately $3.12 million.
• Other institutions made smaller adjustments, while institutional investors and hedge funds collectively owned 15.61% of STEW.
• STEW traded at $17.64, within its $16.55–$19.05 12-month range, and recently declared a $0.20 quarterly dividend, equivalent to $0.80 annually and a 4.5% yield.

Shaker Financial Services LLC lowered its stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) by 39.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,744 shares of the company's stock after selling 118,972 shares during the period. Shaker Financial Services LLC owned about 0.19% of SRH Total Return Fund worth $3,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in STEW. D.A. Davidson & CO. boosted its holdings in shares of SRH Total Return Fund by 0.7% during the first quarter. D.A. Davidson & CO. now owns 83,645 shares of the company's stock worth $1,430,000 after purchasing an additional 581 shares during the last quarter. Bank of America Corp DE raised its position in SRH Total Return Fund by 0.5% in the first quarter. Bank of America Corp DE now owns 278,867 shares of the company's stock valued at $4,769,000 after purchasing an additional 1,320 shares during the period. Fifth Third Bancorp acquired a new stake in SRH Total Return Fund in the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. acquired a new stake in SRH Total Return Fund during the 4th quarter valued at $32,000. Finally, NWF Advisory Services Inc. increased its position in shares of SRH Total Return Fund by 17.7% during the fourth quarter. NWF Advisory Services Inc. now owns 20,950 shares of the company's stock worth $388,000 after acquiring an additional 3,150 shares during the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

SRH Total Return Fund Price Performance

STEW stock traded down $0.06 during mid-day trading on Wednesday, hitting $17.64. 22,210 shares of the company were exchanged, compared to its average volume of 81,481. SRH Total Return Fund, Inc. has a twelve month low of $16.55 and a twelve month high of $19.05. The firm has a fifty day simple moving average of $18.18 and a 200 day simple moving average of $17.93.

SRH Total Return Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 annualized dividend and a dividend yield of 4.5%.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc NYSE: STEW is a diversified, closed-end investment company. Unlike an operating business, the fund pools investors' capital and invests it in a portfolio of publicly traded securities with the objective of generating long-term total returns through a combination of capital appreciation and income.

The fund primarily invests in common stocks of established companies across a range of industries and may also hold other income-producing securities. Its portfolio is managed with a long-term, value-oriented approach, seeking opportunities among companies whose market valuations do not fully reflect their underlying business prospects.

SRH Total Return Fund is advised by 1607 Capital Partners, LLC.

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