Bassett Hargrove Investment Counsel LLC acquired a new position in SRH Total Return Fund, Inc. (NYSE:STEW – Get Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 17,250 shares of the company's stock, valued at approximately $188,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sargent Bickham Lagudis LLC acquired a new stake in SRH Total Return Fund in the third quarter worth about $66,000. Wedbush Securities Inc. acquired a new position in shares of SRH Total Return Fund during the 3rd quarter worth about $124,000. Janney Montgomery Scott LLC acquired a new position in shares of SRH Total Return Fund during the 3rd quarter worth about $194,000. Prospera Financial Services Inc acquired a new position in shares of SRH Total Return Fund during the 3rd quarter worth about $213,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of SRH Total Return Fund during the 3rd quarter worth about $260,000. 13.85% of the stock is currently owned by institutional investors and hedge funds.
Get SRH Total Return Fund alerts:SRH Total Return Fund Stock Performance
Shares of SRH Total Return Fund stock remained flat at $12.99 during trading on Tuesday. The stock had a trading volume of 6 shares, compared to its average volume of 70,673. SRH Total Return Fund, Inc. has a 52 week low of $10.65 and a 52 week high of $15.10. The stock has a fifty day moving average price of $12.72 and a two-hundred day moving average price of $12.28.
SRH Total Return Fund Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 24th will be given a dividend of $0.125 per share. This is a positive change from SRH Total Return Fund's previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Monday, January 23rd.SRH Total Return Fund Company Profile
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SRH Total Return Fund, Inc is a closed-ended balanced mutual fund launched and managed by Boulder Investment Advisers, LLC It is co-managed by Stewart West Indies Trading Co Ltd. and Rocky Mountain Advisers, Llc. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified industries.
Further Reading
- Get a free copy of the StockNews.com research report on SRH Total Return Fund (STEW)
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