Flputnam Investment Management Co. Takes Position in SRH Total Return Fund, Inc. $STEW

Flputnam Investment Management Co. purchased a new stake in SRH Total Return Fund, Inc. (NYSE:STEW) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 37,673 shares of the company’s stock, valued at approximately $698,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of SRH Total Return Fund by 1,000.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock valued at $41,000 after purchasing an additional 2,000 shares during the last quarter. Global Retirement Partners LLC grew its position in shares of SRH Total Return Fund by 38.3% in the fourth quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock valued at $148,000 after purchasing an additional 2,218 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of SRH Total Return Fund by 22.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after purchasing an additional 1,775 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of SRH Total Return Fund in the second quarter valued at about $191,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in shares of SRH Total Return Fund in the third quarter valued at about $235,000. 15.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jacob E. Hemmer bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of $17.53 per share, with a total value of $87,650.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $175,300. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

SRH Total Return Fund Stock Down 0.7%

Shares of NYSE:STEW opened at $17.39 on Friday. The stock’s 50-day moving average is $17.53 and its 200-day moving average is $17.85. SRH Total Return Fund, Inc. has a 52-week low of $16.55 and a 52-week high of $18.67.

SRH Total Return Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%.

SRH Total Return Fund Profile

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.