Jacob Hemmer Acquires 5,000 Shares of SRH Total Return Fund (NYSE:STEW) Stock

SRH Total Return Fund, Inc. (NYSE:STEW) Director Jacob Hemmer purchased 5,000 shares of SRH Total Return Fund stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $17.53 per share, with a total value of $87,650.00. Following the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $175,300. This trade represents a 100.00% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

SRH Total Return Fund Price Performance

Shares of STEW opened at $17.74 on Friday. SRH Total Return Fund, Inc. has a 1 year low of $16.55 and a 1 year high of $18.67. The firm has a fifty day moving average of $17.49 and a 200-day moving average of $17.85.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%.

Hedge Funds Weigh In On SRH Total Return Fund

Several hedge funds and other institutional investors have recently modified their holdings of STEW. Royal Bank of Canada boosted its holdings in shares of SRH Total Return Fund by 17.4% during the first quarter. Royal Bank of Canada now owns 186,601 shares of the company’s stock valued at $3,218,000 after acquiring an additional 27,642 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SRH Total Return Fund by 22.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after acquiring an additional 1,775 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of SRH Total Return Fund by 1.9% during the second quarter. NewEdge Advisors LLC now owns 69,123 shares of the company’s stock valued at $1,222,000 after acquiring an additional 1,261 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of SRH Total Return Fund by 8.8% during the second quarter. Raymond James Financial Inc. now owns 240,942 shares of the company’s stock valued at $4,260,000 after acquiring an additional 19,547 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of SRH Total Return Fund during the second quarter valued at $191,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

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.