JP Wealth Management Inc. Has $27.36 Million Stock Holdings in SRH Total Return Fund, Inc. $STEW

JP Wealth Management Inc. lifted its position in SRH Total Return Fund, Inc. (NYSE:STEW) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,475,715 shares of the company’s stock after purchasing an additional 219,432 shares during the period. SRH Total Return Fund comprises 19.3% of JP Wealth Management Inc.’s portfolio, making the stock its 3rd largest holding. JP Wealth Management Inc.’s holdings in SRH Total Return Fund were worth $27,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Total Investment Management Inc. purchased a new position in shares of SRH Total Return Fund during the 2nd quarter valued at $27,000. Financial Consulate Inc. bought a new position in SRH Total Return Fund in the 3rd quarter worth $106,000. Northwestern Mutual Wealth Management Co. increased its stake in SRH Total Return Fund by 22.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after buying an additional 1,775 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in SRH Total Return Fund by 37.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,364 shares of the company’s stock worth $183,000 after buying an additional 2,814 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in SRH Total Return Fund during the second quarter valued at about $191,000. 15.61% of the stock is currently owned by institutional investors.

SRH Total Return Fund Price Performance

NYSE:STEW opened at $16.72 on Tuesday. The business’s 50-day simple moving average is $17.67 and its two-hundred day simple moving average is $17.93. SRH Total Return Fund, Inc. has a 52 week low of $15.00 and a 52 week high of $18.67.

SRH Total Return Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, April 23rd.

SRH Total Return Fund Company Profile

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.