SRH Total Return Fund (NYSE:STEW) Director Jacob Hemmer Acquires 5,000 Shares

SRH Total Return Fund, Inc. (NYSE:STEW) Director Jacob Hemmer purchased 5,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were acquired at an average price of $17.53 per share, with a total value of $87,650.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $175,300. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

SRH Total Return Fund Stock Performance

Shares of STEW opened at $17.74 on Friday. SRH Total Return Fund, Inc. has a 12 month low of $16.55 and a 12 month high of $18.67. The company has a 50-day moving average price of $17.49 and a two-hundred day moving average price of $17.85.

SRH Total Return Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a $0.80 annualized dividend and a dividend yield of 4.5%.

Institutional Trading of SRH Total Return Fund

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp acquired a new stake in shares of SRH Total Return Fund during the first quarter worth approximately $26,000. Rockefeller Capital Management L.P. acquired a new stake in shares of SRH Total Return Fund during the fourth quarter worth approximately $32,000. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SRH Total Return Fund by 1,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $41,000 after buying an additional 2,000 shares in the last quarter. Global Retirement Partners LLC increased its holdings in shares of SRH Total Return Fund by 38.3% during the fourth quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock worth $148,000 after buying an additional 2,218 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of SRH Total Return Fund by 22.6% during the second 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. Institutional investors and hedge funds own 15.61% of the company’s stock.

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.