Peak Asset Management LLC Makes New $918,000 Investment in SRH Total Return Fund, Inc. $STEW

Peak Asset Management LLC bought a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 51,285 shares of the company’s stock, valued at approximately $918,000. Peak Asset Management LLC owned 0.05% of SRH Total Return Fund at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its holdings in SRH Total Return Fund by 9.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after acquiring an additional 63,439 shares during the period. Beverly Hills Private Wealth LLC acquired a new position in shares of SRH Total Return Fund in the 2nd quarter valued at $1,063,000. Evolve Private Wealth LLC acquired a new position in shares of SRH Total Return Fund in the 2nd quarter valued at $2,620,000. 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 purchasing an additional 64,950 shares during the last quarter. Finally, Winning Points Advisors LLC bought a new position in shares of SRH Total Return Fund in the 4th quarter worth $3,414,000. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Up 0.8%

Shares of SRH Total Return Fund stock opened at $18.43 on Tuesday. SRH Total Return Fund, Inc. has a 12 month low of $16.55 and a 12 month high of $19.05. The business has a fifty day simple moving average of $18.25 and a 200 day simple moving average of $17.84.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, October 23rd.

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.