Raymond James Financial Inc. Reduces Stock Position in SRH Total Return Fund, Inc. $STEW

Raymond James Financial Inc. reduced its holdings in SRH Total Return Fund, Inc. (NYSE:STEW) by 3.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,395 shares of the company’s stock after selling 7,406 shares during the period. Raymond James Financial Inc. owned approximately 0.23% of SRH Total Return Fund worth $3,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Costello Asset Management INC purchased a new position in shares of SRH Total Return Fund in the 1st quarter worth $154,000. NBC Securities Inc. lifted its holdings in shares of SRH Total Return Fund by 105,800.0% in the 1st quarter. NBC Securities Inc. now owns 9,531 shares of the company’s stock worth $164,000 after acquiring an additional 9,522 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of SRH Total Return Fund in the 4th quarter worth about $241,000. Millennium Management LLC bought a new stake in shares of SRH Total Return Fund in the 4th quarter worth about $337,000. Finally, Roundview Capital LLC lifted its holdings in shares of SRH Total Return Fund by 10.2% in the 1st quarter. Roundview Capital LLC now owns 21,699 shares of the company’s stock worth $374,000 after acquiring an additional 2,010 shares during the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Performance

SRH Total Return Fund stock opened at $18.46 on Friday. The firm has a 50-day moving average price of $17.88 and a 200-day moving average price of $17.30. SRH Total Return Fund, Inc. has a 12-month low of $15.00 and a 12-month high of $18.67.

SRH Total Return Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Friday, October 24th will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 24th.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Paralel Advisors LLC. Rocky Mountain Advisers, LLC serves as the Fund's sub-adviser. The fund invests in equity and fixed-income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.