Waverly Advisors LLC Makes New $241,000 Investment in SRH Total Return Fund, Inc. (NYSE:STEW)

Waverly Advisors LLC purchased a new stake in SRH Total Return Fund, Inc. (NYSE:STEW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,035 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JP Wealth Management Inc. acquired a new position in SRH Total Return Fund during the fourth quarter valued at approximately $14,841,000. Raymond James Financial Inc. bought a new stake in shares of SRH Total Return Fund in the fourth quarter worth $3,665,000. Consolidated Portfolio Review Corp bought a new stake in shares of SRH Total Return Fund in the fourth quarter worth $2,277,000. Capstone Investment Advisors LLC bought a new stake in shares of SRH Total Return Fund in the fourth quarter worth $1,757,000. Finally, Independent Advisor Alliance acquired a new position in SRH Total Return Fund in the fourth quarter valued at $1,463,000. 15.61% of the stock is currently owned by institutional investors and hedge funds.

SRH Total Return Fund Trading Down 0.2%

Shares of NYSE STEW opened at $17.37 on Tuesday. SRH Total Return Fund, Inc. has a 1-year low of $14.20 and a 1-year high of $17.89. The firm’s 50-day moving average price is $16.98 and its 200-day moving average price is $16.61.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Thursday, July 24th.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.