Peak Asset Management LLC Makes New $918,000 Investment in SRH Total Return Fund, Inc. $STEW

Peak Asset Management LLC purchased a new position in shares of SRH Total Return Fund, Inc. (NYSE:STEW) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,285 shares of the company’s stock, valued at approximately $918,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STEW. Fifth Third Bancorp bought a new stake in shares of SRH Total Return Fund in the 1st quarter valued at $26,000. Rockefeller Capital Management L.P. acquired a new position in SRH Total Return Fund in the fourth quarter valued at about $32,000. Global Retirement Partners LLC acquired a new position in SRH Total Return Fund in the second quarter valued at about $115,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 worth $170,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of SRH Total Return Fund in the second quarter worth about $191,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Stock Up 0.8%

NYSE STEW opened at $18.43 on Tuesday. SRH Total Return Fund, Inc. has a one year low of $16.55 and a one year high of $19.05. The stock’s 50-day moving average is $18.25 and its 200-day moving average is $17.84.

SRH Total Return Fund Dividend Announcement

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

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.