Evolve Private Wealth LLC Takes $2.62 Million Position in SRH Total Return Fund, Inc. $STEW

Evolve Private Wealth LLC acquired a new position in SRH Total Return Fund, Inc. (NYSE:STEW) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 146,354 shares of the company’s stock, valued at approximately $2,620,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STEW. Fifth Third Bancorp acquired a new stake in SRH Total Return Fund in the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. purchased a new stake in shares of SRH Total Return Fund during the 4th quarter valued at $32,000. Global Retirement Partners LLC purchased a new stake in shares of SRH Total Return Fund during the 2nd quarter valued at $115,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of SRH Total Return Fund by 22.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after purchasing an additional 1,775 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of SRH Total Return Fund in the 2nd quarter worth $191,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Up 0.2%

Shares of NYSE:STEW opened at $18.26 on Friday. The business’s 50-day moving average is $18.24 and its 200 day moving average is $17.84. SRH Total Return Fund, Inc. has a 1 year low of $16.55 and a 1 year high of $19.05.

SRH Total Return Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%.

About SRH Total Return Fund

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.