Matisse Capital Invests $2.15 Million in SRH Total Return Fund, Inc. (NYSE:STEW)

Matisse Capital purchased a new position in shares of SRH Total Return Fund, Inc. (NYSE:STEW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 155,000 shares of the company's stock, valued at approximately $2,150,000. SRH Total Return Fund accounts for about 1.1% of Matisse Capital's investment portfolio, making the stock its 16th largest position. Matisse Capital owned approximately 0.16% of SRH Total Return Fund at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of STEW. Baystate Wealth Management LLC bought a new stake in SRH Total Return Fund in the 4th quarter valued at about $97,000. NBC Securities Inc. bought a new stake in SRH Total Return Fund in the third quarter worth approximately $120,000. Principal Securities Inc. bought a new stake in SRH Total Return Fund in the fourth quarter worth approximately $133,000. Connecticut Wealth Management LLC bought a new position in SRH Total Return Fund in the 4th quarter worth $140,000. Finally, Alta Capital Management LLC acquired a new position in shares of SRH Total Return Fund during the 4th quarter worth about $433,000. Hedge funds and other institutional investors own 15.61% of the company's stock.

SRH Total Return Fund Stock Up 0.3 %

NYSE STEW traded up $0.04 during trading on Friday, reaching $14.64. 61,791 shares of the company traded hands, compared to its average volume of 79,774. The stock's 50 day moving average price is $14.59 and its two-hundred day moving average price is $14.10. SRH Total Return Fund, Inc. has a 1-year low of $12.07 and a 1-year high of $15.09.

SRH Total Return Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Wednesday, July 24th.

Insiders Place Their Bets

In other news, Director Thomas Jack Moore acquired 1,426 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was acquired at an average price of $20,491.62 per share, for a total transaction of $29,221,050.12. Following the transaction, the director now directly owns 2,960 shares in the company, valued at $60,655,195.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

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.