SRH Total Return Fund, Inc. $STEW Stock Sold by Shaker Financial Services LLC

Shaker Financial Services LLC decreased its holdings in SRH Total Return Fund, Inc. (NYSE:STEW) by 39.8% during the third quarter, Holdings Channel.com reports. The firm owned 179,744 shares of the company’s stock after selling 118,972 shares during the period. Shaker Financial Services LLC’s holdings in SRH Total Return Fund were worth $3,122,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Post Resch Tallon Group Inc. purchased a new position in SRH Total Return Fund during the third quarter valued at approximately $250,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SRH Total Return Fund by 50.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,885 shares of the company’s stock valued at $338,000 after buying an additional 6,335 shares during the period. Capstone Investment Advisors LLC purchased a new position in shares of SRH Total Return Fund during the 2nd quarter valued at $2,002,000. Almitas Capital LLC acquired a new position in shares of SRH Total Return Fund in the second quarter worth $2,395,000. Finally, Bank of America Corp DE purchased a new stake in shares of SRH Total Return Fund during the second quarter worth $5,124,000. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Price Performance

STEW traded down $0.06 during trading on Wednesday, reaching $17.64. 22,210 shares of the stock traded hands, compared to its average volume of 81,481. SRH Total Return Fund, Inc. has a fifty-two week low of $16.55 and a fifty-two week high of $19.05. The stock’s 50-day simple moving average is $18.18 and its two-hundred day simple moving average is $17.93.

SRH Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.80 annualized dividend and a dividend yield of 4.5%.

SRH Total Return Fund Profile

SRH Total Return Fund, Inc (NYSE: STEW) is a diversified, closed-end investment company. Unlike an operating business, the fund pools investors’ capital and invests it in a portfolio of publicly traded securities with the objective of generating long-term total returns through a combination of capital appreciation and income.

The fund primarily invests in common stocks of established companies across a range of industries and may also hold other income-producing securities. Its portfolio is managed with a long-term, value-oriented approach, seeking opportunities among companies whose market valuations do not fully reflect their underlying business prospects.

SRH Total Return Fund is advised by 1607 Capital Partners, LLC.