Flputnam Investment Management Co. Invests $674,000 in SRH Total Return Fund, Inc. $STEW

Flputnam Investment Management Co. acquired a new position in shares of SRH Total Return Fund, Inc. (NYSE:STEW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 37,673 shares of the company’s stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of STEW. Bulldog Investors LLP boosted its position in SRH Total Return Fund by 3.5% during the 1st quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock worth $22,018,000 after acquiring an additional 43,759 shares during the last quarter. 1607 Capital Partners LLC raised its holdings in shares of SRH Total Return Fund by 8.1% in the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock valued at $16,052,000 after purchasing an additional 64,950 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of SRH Total Return Fund by 9.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock worth $12,340,000 after purchasing an additional 63,439 shares in the last quarter. LPL Financial LLC lifted its position in shares of SRH Total Return Fund by 44.0% in the fourth quarter. LPL Financial LLC now owns 393,713 shares of the company’s stock worth $7,299,000 after purchasing an additional 120,366 shares in the last quarter. Finally, Thomas J. Herzfeld Advisors Inc. lifted its position in shares of SRH Total Return Fund by 1.7% in the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 382,005 shares of the company’s stock worth $7,082,000 after purchasing an additional 6,551 shares in the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

Insider Buying and Selling

In other SRH Total Return Fund news, Director Jacob E. Hemmer acquired 5,000 shares of SRH Total Return Fund stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $175,300. This represents a 100.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

SRH Total Return Fund Stock Performance

Shares of STEW opened at $18.46 on Tuesday. SRH Total Return Fund, Inc. has a 12 month low of $16.55 and a 12 month high of $19.05. The firm has a fifty day simple moving average of $18.18 and a 200 day simple moving average of $17.82.

SRH Total Return Fund Announces Dividend

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

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.