Bulldog Investors LLP increased its stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW – Free Report) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,287,582 shares of the company’s stock after purchasing an additional 43,759 shares during the quarter. SRH Total Return Fund makes up about 5.0% of Bulldog Investors LLP’s portfolio, making the stock its largest holding. Bulldog Investors LLP’s holdings in SRH Total Return Fund were worth $22,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also added to or reduced their stakes in STEW. Fifth Third Bancorp acquired a new stake in SRH Total Return Fund in the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. acquired a new position in shares of SRH Total Return Fund during the fourth quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of SRH Total Return Fund by 1,000.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $41,000 after acquiring an additional 2,000 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of SRH Total Return Fund by 38.3% in the 4th quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock valued at $148,000 after acquiring an additional 2,218 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after acquiring an additional 1,775 shares in the last quarter. Institutional investors own 15.61% of the company’s stock.
Insider Activity at SRH Total Return Fund
In other news, Director Jacob E. Hemmer purchased 5,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were purchased at an average cost of $17.53 per share, with a total value of $87,650.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at $175,300. This trade represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.09% of the company’s stock.
SRH Total Return Fund Price Performance
SRH Total Return Fund Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.20 dividend. The ex-dividend date is Friday, July 24th. This represents a $0.80 annualized dividend and a yield of 4.4%.
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.
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