Beverly Hills Private Wealth LLC Takes Position in SRH Total Return Fund, Inc. $STEW

Beverly Hills Private Wealth LLC purchased a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 59,365 shares of the company’s stock, valued at approximately $1,063,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in SRH Total Return Fund in the 1st quarter valued at approximately $26,000. Rockefeller Capital Management L.P. bought a new position in shares of SRH Total Return Fund during the fourth quarter valued at $32,000. Global Retirement Partners LLC purchased a new stake in shares of SRH Total Return Fund during the second quarter valued at $115,000. Northwestern Mutual Wealth Management Co. increased its holdings in SRH Total Return Fund by 22.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after buying an additional 1,775 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in SRH Total Return Fund in the 2nd quarter worth about $191,000. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Performance

STEW opened at $18.57 on Monday. The company’s 50-day simple moving average is $18.17 and its two-hundred day simple moving average is $17.82. SRH Total Return Fund, Inc. has a 52-week low of $16.55 and a 52-week high of $19.05.

SRH Total Return Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 4.3%.

Insiders Place Their Bets

In related news, Director Jacob E. Hemmer bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the acquisition, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

SRH Total Return Fund Company 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.