Key Points
- Director Jacob Hemmer bought 5,000 shares of SRH Total Return Fund at $17.53 each, spending a total of $87,650. After the purchase, his holdings doubled to 10,000 shares.
- The fund recently declared a quarterly dividend of $0.20 per share, payable on July 31 to shareholders of record on July 24. That works out to an annualized dividend of $0.80 and a yield of about 4.5%.
- SRH Total Return Fund stock was up 0.9% and opened at $17.74, trading near its recent moving averages and within its 52-week range of $16.55 to $18.67.
SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) Director Jacob Hemmer acquired 5,000 shares of the company's 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 represents a 100.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
SRH Total Return Fund Stock Up 0.9%
NYSE STEW opened at $17.74 on Friday. The company has a 50 day moving average of $17.49 and a 200-day moving average of $17.85. SRH Total Return Fund, Inc. has a 1-year low of $16.55 and a 1-year high of $18.67.
SRH Total Return Fund Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, July 24th.
Institutional Trading of SRH Total Return Fund
Hedge funds have recently modified their holdings of the stock. JP Wealth Management Inc. boosted its stake in SRH Total Return Fund by 17.5% in the fourth quarter. JP Wealth Management Inc. now owns 1,475,715 shares of the company's stock valued at $27,360,000 after acquiring an additional 219,432 shares during the last quarter. Winning Points Advisors LLC bought a new position in SRH Total Return Fund in the fourth quarter valued at approximately $3,414,000. Evolve Private Wealth LLC bought a new position in SRH Total Return Fund in the fourth quarter valued at approximately $2,961,000. Kingdom Financial Group LLC. bought a new position in SRH Total Return Fund in the fourth quarter valued at approximately $2,865,000. Finally, Bulldog Investors LLP boosted its stake in SRH Total Return Fund by 11.3% in the fourth quarter. Bulldog Investors LLP now owns 1,243,823 shares of the company's stock valued at $23,060,000 after acquiring an additional 126,241 shares during the last quarter. 15.61% of the stock is owned by institutional investors.
SRH Total Return Fund Company Profile
(
Get Free Report)
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.
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