159,690 Shares in SRH Total Return Fund, Inc. $STEW Purchased by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new position in SRH Total Return Fund, Inc. (NYSE:STEW) during the 4th quarter, Holdings Channel reports. The fund acquired 159,690 shares of the company’s stock, valued at approximately $2,961,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. 1607 Capital Partners LLC boosted its position in shares of SRH Total Return Fund by 8.1% in the 4th quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock worth $16,052,000 after buying an additional 64,950 shares in the last quarter. Almitas Capital LLC purchased a new position in SRH Total Return Fund in the 4th quarter valued at about $532,000. Nitor Capital Management LLC purchased a new position in SRH Total Return Fund in the 4th quarter valued at about $262,000. Quantedge Capital Pte Ltd lifted its holdings in SRH Total Return Fund by 4.8% in the 4th quarter. Quantedge Capital Pte Ltd now owns 231,103 shares of the company’s stock valued at $4,285,000 after purchasing an additional 10,500 shares in the last quarter. Finally, &PARTNERS lifted its holdings in SRH Total Return Fund by 146.2% in the 4th quarter. &PARTNERS now owns 71,329 shares of the company’s stock valued at $1,322,000 after purchasing an additional 42,362 shares in the last quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Performance

NYSE:STEW opened at $17.75 on Thursday. The company’s 50-day moving average is $17.67 and its two-hundred day moving average is $17.82. SRH Total Return Fund, Inc. has a 12-month low of $16.55 and a 12-month high of $18.67.

SRH Total Return Fund Dividend Announcement

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

Insider Transactions at SRH Total Return Fund

In other news, Director Jacob E. Hemmer bought 5,000 shares of SRH Total Return Fund stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $175,300. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

About SRH Total Return Fund

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.