JP Wealth Management Inc. Invests $14.84 Million in SRH Total Return Fund, Inc. (NYSE:STEW)

JP Wealth Management Inc. acquired a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 926,405 shares of the company’s stock, valued at approximately $14,841,000. SRH Total Return Fund accounts for about 10.9% of JP Wealth Management Inc.’s investment portfolio, making the stock its 4th largest position. JP Wealth Management Inc. owned 0.96% of SRH Total Return Fund at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Buffington Mohr McNeal bought a new stake in SRH Total Return Fund during the 4th quarter valued at about $171,000. Hudson Value Partners LLC acquired a new stake in shares of SRH Total Return Fund in the 3rd quarter worth $193,000. Absolute Investment Advisers LLC purchased a new stake in SRH Total Return Fund in the fourth quarter valued at about $197,000. Synovus Financial Corp purchased a new position in shares of SRH Total Return Fund in the 3rd quarter valued at approximately $202,000. Finally, Sather Financial Group Inc purchased a new stake in SRH Total Return Fund during the 3rd quarter worth approximately $303,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Down 1.6 %

SRH Total Return Fund stock opened at $16.32 on Monday. The stock has a 50-day moving average price of $16.31 and a 200 day moving average price of $15.85. SRH Total Return Fund, Inc. has a 52 week low of $14.01 and a 52 week high of $16.83.

SRH Total Return Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were issued a $0.165 dividend. This is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Friday, January 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.