Sather Financial Group Inc Takes Position in SRH Total Return Fund, Inc. (NYSE:STEW)

Sather Financial Group Inc bought a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 19,159 shares of the company’s stock, valued at approximately $303,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Shaker Financial Services LLC lifted its holdings in SRH Total Return Fund by 3.0% during the third quarter. Shaker Financial Services LLC now owns 655,209 shares of the company’s stock valued at $10,352,000 after purchasing an additional 19,227 shares in the last quarter. Raymond James & Associates raised its position in shares of SRH Total Return Fund by 4.1% during the 2nd quarter. Raymond James & Associates now owns 343,602 shares of the company’s stock worth $4,999,000 after purchasing an additional 13,439 shares during the last quarter. Wolverine Asset Management LLC raised its position in shares of SRH Total Return Fund by 1.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 312,888 shares of the company’s stock worth $4,944,000 after purchasing an additional 4,008 shares during the last quarter. Rocky Mountain Advisers LLC lifted its stake in SRH Total Return Fund by 0.4% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company’s stock valued at $3,025,000 after buying an additional 802 shares in the last quarter. Finally, Matisse Capital boosted its holdings in SRH Total Return Fund by 5.9% in the 2nd quarter. Matisse Capital now owns 180,000 shares of the company’s stock worth $2,619,000 after buying an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Price Performance

Shares of SRH Total Return Fund stock opened at $16.22 on Friday. The business has a 50 day simple moving average of $15.77 and a two-hundred day simple moving average of $15.17. SRH Total Return Fund, Inc. has a 12 month low of $13.22 and a 12 month high of $16.46.

SRH Total Return Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.165 dividend. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Friday, January 24th.

SRH Total Return Fund 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.