SRH Total Return Fund, Inc. $STEW Position Decreased by JP Wealth Management Inc.

JP Wealth Management Inc. decreased its holdings in shares of SRH Total Return Fund, Inc. (NYSE:STEW – Free Report) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,256,283 shares of the company’s stock after selling 30,150 shares during the period. SRH Total Return Fund accounts for about 15.3% of JP Wealth Management Inc.’s investment portfolio, making the stock its 3rd largest holding. JP Wealth Management Inc.’s holdings in SRH Total Return Fund were worth $22,814,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SRH Advisors LLC lifted its position in SRH Total Return Fund by 0.5% during the second quarter. SRH Advisors LLC now owns 187,837 shares of the company’s stock worth $3,321,000 after buying an additional 842 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SRH Total Return Fund by 142.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. NewEdge Advisors LLC increased its stake in shares of SRH Total Return Fund by 1.9% during the 2nd quarter. NewEdge Advisors LLC now owns 69,123 shares of the company’s stock valued at $1,222,000 after acquiring an additional 1,261 shares during the last quarter. Total Investment Management Inc. purchased a new position in shares of SRH Total Return Fund during the 2nd quarter worth about $27,000. Finally, Integrated Capital Management Inc. lifted its holdings in shares of SRH Total Return Fund by 11.7% during the 2nd quarter. Integrated Capital Management Inc. now owns 15,889 shares of the company’s stock worth $281,000 after acquiring an additional 1,666 shares during the period. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Performance

SRH Total Return Fund stock opened at $18.47 on Thursday. SRH Total Return Fund, Inc. has a 1 year low of $15.00 and a 1 year high of $18.67. The firm has a 50 day moving average price of $17.94 and a 200 day moving average price of $17.90.

SRH Total Return Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a $0.80 annualized dividend and a dividend yield of 4.3%. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.17.

SRH Total Return Fund Profile

(Free Report)

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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