Sugarloaf Wealth Management LLC Trims Stock Position in SRH Total Return Fund, Inc. (NYSE:STEW)

Sugarloaf Wealth Management LLC lowered its stake in SRH Total Return Fund, Inc. (NYSE:STEW) by 85.2% during the fourth quarter, HoldingsChannel reports. The firm owned 6,348 shares of the company’s stock after selling 36,633 shares during the quarter. Sugarloaf Wealth Management LLC’s holdings in SRH Total Return Fund were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of STEW. Quarry LP purchased a new stake in SRH Total Return Fund in the 2nd quarter valued at approximately $153,000. Choreo LLC acquired a new position in SRH Total Return Fund during the second quarter worth $185,000. Hudson Value Partners LLC acquired a new position in SRH Total Return Fund during the third quarter worth $193,000. Synovus Financial Corp purchased a new position in SRH Total Return Fund in the third quarter worth $202,000. Finally, Sather Financial Group Inc purchased a new stake in shares of SRH Total Return Fund during the 3rd quarter worth $303,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Down 1.1 %

NYSE:STEW opened at $15.81 on Friday. SRH Total Return Fund, Inc. has a fifty-two week low of $13.64 and a fifty-two week high of $16.83. The firm’s fifty day simple moving average is $16.21 and its 200-day simple moving average is $15.65.

SRH Total Return Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, January 24th.

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.