SRH Total Return Fund (NYSE:STEW) Director Purchases $87,650.00 in Stock

SRH Total Return Fund, Inc. (NYSE:STEW) Director Jacob Hemmer purchased 5,000 shares of SRH Total Return Fund stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price 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 $175,300. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

SRH Total Return Fund Trading Up 0.9%

STEW traded up $0.15 during midday trading on Friday, reaching $17.73. 32,079 shares of the company’s stock traded hands, compared to its average volume of 88,904. SRH Total Return Fund, Inc. has a 52 week low of $16.55 and a 52 week high of $18.67. The firm has a fifty day moving average of $17.48 and a two-hundred day moving average of $17.85.

SRH Total Return Fund Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its holdings in SRH Total Return Fund by 0.5% in the 1st quarter. Bank of America Corp DE now owns 278,867 shares of the company’s stock worth $4,769,000 after purchasing an additional 1,320 shares in the last quarter. Readystate Asset Management LP lifted its position in shares of SRH Total Return Fund by 15.0% in the 1st quarter. Readystate Asset Management LP now owns 35,622 shares of the company’s stock worth $609,000 after purchasing an additional 4,647 shares during the period. Quantedge Capital Pte Ltd increased its position in shares of SRH Total Return Fund by 10.6% during the first quarter. Quantedge Capital Pte Ltd now owns 255,603 shares of the company’s stock valued at $4,371,000 after buying an additional 24,500 shares during the period. Bulldog Investors LLP increased its position in shares of SRH Total Return Fund by 3.5% during the first quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock valued at $22,018,000 after buying an additional 43,759 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in SRH Total Return Fund by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after buying an additional 63,439 shares in the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.