Absolute Investment Advisers LLC Acquires Shares of 12,300 SRH Total Return Fund, Inc. (NYSE:STEW)

Absolute Investment Advisers LLC bought a new position in SRH Total Return Fund, Inc. (NYSE:STEW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,300 shares of the company’s stock, valued at approximately $197,000.

A number of other hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in SRH Total Return Fund by 2.7% during the second quarter. NewEdge Advisors LLC now owns 67,873 shares of the company’s stock valued at $988,000 after purchasing an additional 1,795 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of SRH Total Return Fund in the 2nd quarter worth about $2,369,000. Shaker Financial Services LLC raised its position in shares of SRH Total Return Fund by 3.0% during the 3rd quarter. Shaker Financial Services LLC now owns 655,209 shares of the company’s stock valued at $10,352,000 after buying an additional 19,227 shares in the last quarter. Hudson Value Partners LLC bought a new position in shares of SRH Total Return Fund in the 3rd quarter valued at about $193,000. Finally, Rocky Mountain Advisers LLC grew its position in SRH Total Return Fund by 0.4% in the third quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company’s stock worth $3,025,000 after acquiring an additional 802 shares in the last quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Price Performance

Shares of NYSE STEW opened at $16.57 on Monday. SRH Total Return Fund, Inc. has a 1-year low of $14.01 and a 1-year high of $16.83. The business’s 50 day moving average is $16.31 and its two-hundred day moving average is $15.85.

SRH Total Return Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, January 24th. This is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14.

SRH Total Return Fund 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.