33,023 Shares in SRH Total Return Fund, Inc. $STEW Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 33,023 shares of the company’s stock, valued at approximately $565,000.

Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in shares of SRH Total Return Fund by 17.4% in the 1st quarter. Royal Bank of Canada now owns 186,601 shares of the company’s stock worth $3,218,000 after acquiring an additional 27,642 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of SRH Total Return Fund by 22.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock valued at $170,000 after purchasing an additional 1,775 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of SRH Total Return Fund by 1.9% in the second quarter. NewEdge Advisors LLC now owns 69,123 shares of the company’s stock valued at $1,222,000 after purchasing an additional 1,261 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of SRH Total Return Fund by 8.8% in the second quarter. Raymond James Financial Inc. now owns 240,942 shares of the company’s stock valued at $4,260,000 after purchasing an additional 19,547 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in SRH Total Return Fund in the second quarter worth $191,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

Insider Activity at SRH Total Return Fund

In other SRH Total Return Fund news, Director Jacob E. Hemmer bought 5,000 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $175,300. The trade was a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

SRH Total Return Fund Trading Up 0.2%

STEW opened at $18.21 on Wednesday. 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 fifty day moving average price is $17.74 and its two-hundred day moving average price is $17.79.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, July 24th.

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.