1607 Capital Partners LLC Grows Holdings in SRH Total Return Fund, Inc. $STEW

1607 Capital Partners LLC grew its stake in SRH Total Return Fund, Inc. (NYSE:STEW) by 8.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 865,815 shares of the company’s stock after acquiring an additional 64,950 shares during the period. SRH Total Return Fund comprises 1.1% of 1607 Capital Partners LLC’s investment portfolio, making the stock its 19th biggest holding. 1607 Capital Partners LLC’s holdings in SRH Total Return Fund were worth $16,052,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in STEW. Thurston Springer Miller Herd & Titak Inc. increased its stake in SRH Total Return Fund by 1,000.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $41,000 after buying an additional 2,000 shares during the period. Global Retirement Partners LLC increased its stake in SRH Total Return Fund by 38.3% during the 4th quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock worth $148,000 after buying an additional 2,218 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after buying an additional 1,775 shares during the period. Jane Street Group LLC purchased a new stake in SRH Total Return Fund during the 2nd quarter worth approximately $191,000. Finally, Greenwood Gearhart Inc. purchased a new stake in SRH Total Return Fund during the 3rd quarter worth approximately $257,000. 15.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SRH Total Return Fund news, Director Jacob E. Hemmer bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average cost of $17.53 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by insiders.

SRH Total Return Fund Stock Down 0.4%

Shares of STEW opened at $17.75 on Thursday. SRH Total Return Fund, Inc. has a fifty-two week low of $16.55 and a fifty-two week high of $18.67. The firm’s 50 day moving average price is $17.67 and its 200 day moving average price is $17.82.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, July 24th.

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.