Karpus Management Inc. Buys 35,552 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

Karpus Management Inc. grew its stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) by 86.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,555 shares of the company’s stock after buying an additional 35,552 shares during the quarter. Karpus Management Inc.’s holdings in SRH Total Return Fund were worth $1,153,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Bulldog Investors LLP grew its stake in shares of SRH Total Return Fund by 12.8% in the fourth quarter. Bulldog Investors LLP now owns 1,360,514 shares of the company’s stock worth $18,761,000 after purchasing an additional 154,353 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of SRH Total Return Fund by 32.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,062,120 shares of the company’s stock worth $14,732,000 after purchasing an additional 259,138 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of SRH Total Return Fund by 21.3% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 661,288 shares of the company’s stock worth $9,172,000 after purchasing an additional 116,150 shares during the last quarter. Shaker Financial Services LLC grew its stake in shares of SRH Total Return Fund by 1.1% in the fourth quarter. Shaker Financial Services LLC now owns 618,768 shares of the company’s stock worth $8,582,000 after purchasing an additional 6,643 shares during the last quarter. Finally, 1607 Capital Partners LLC grew its stake in shares of SRH Total Return Fund by 25.5% in the fourth quarter. 1607 Capital Partners LLC now owns 192,445 shares of the company’s stock worth $2,669,000 after purchasing an additional 39,142 shares during the last quarter. 15.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SRH Total Return Fund news, Director Thomas Jack Moore bought 1,426 shares of the stock in a transaction dated Tuesday, May 7th. The stock was purchased at an average cost of $20,491.62 per share, for a total transaction of $29,221,050.12. Following the completion of the acquisition, the director now owns 2,960 shares of the company’s stock, valued at $60,655,195.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

SRH Total Return Fund Price Performance

Shares of NYSE STEW remained flat at $14.99 during trading hours on Thursday. The company had a trading volume of 82,872 shares, compared to its average volume of 75,829. SRH Total Return Fund, Inc. has a 12 month low of $12.07 and a 12 month high of $15.47. The stock has a 50 day moving average price of $14.64 and a 200-day moving average price of $14.51.

SRH Total Return Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 24th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.55 annualized dividend and a yield of 3.67%.

SRH Total Return Fund Company 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.