The 13F filing that Stephens Inc.
AR submitted to the Securities and Exchange Commission indicates that the company made a new investment during the third quarter in SRH Total Return Fund, Inc. (NYSE: STEW). To acquire 11,583 shares of the company’s stock, the investment fund forked over close to 126,000 dollars in total expenditures.
The stock holdings within the investment portfolios of several other institutional investors and hedge funds have recently been subjected to changes. Sargent Bickham Lagudis LLC increased its investment in the SRH Total Return Fund by approximately $66,000 during the year’s third quarter. This represented an improvement compared to the prior quarter. Wedbush Securities Inc.
Increased its overall holdings in the SRH Total Return Fund by making an additional investment of approximately 124,000 dollars during the third quarter of the fiscal year.
During the third quarter of 2018, Camelot Portfolios LLC contributed approximately 134 thousand dollars toward purchasing an additional position in the SRH Total Return Fund.
Integrated Capital Management Inc.
Increased its ownership stake in the SRH Total Return Fund by making an additional investment of approximately 174,000 dollars during the third quarter of the fiscal year.
Last but not least, during the third quarter, Bassett Hargrove Investment Counsel LLC increased its holdings in the SRH Total Return Fund by investing approximately $188,000 to purchase new shares. This move brings the total capital the firm has invested in the fund to approximately $1.1 million.
At present, institutions own 13.85 percent of the total shares outstanding.
This past Thursday, when the NYSE STEW first opened for business, the price was $12.77. The company has seen a simple moving average of $12.36 over the past 200 days, and the company has seen a simple moving average of $12.87 over the last 50 days. The price of SRH Total Return Fund, Inc. reached its lowest point over the past year at $10.65, while the company reached its highest point over the past year at $15.10.
Additionally, the company has just released an announcement concerning a quarterly dividend, which will be paid out on January 31. The dividend payment for shareholders of record will be distributed in the amount of $0.125 per share on Tuesday, January 24. This is an increase from the previous quarterly dividend of $0.12 distributed by the SRH Total Return Fund; that dividend was paid out quarterly. When calculated on an annualized basis, this results in a dividend payment of $0.50 per share and a dividend yield of 3.92%. On January 23, this dividend will be disbursed to shareholders whose accounts were in good standing on that date.
A non-diversified example of a closed-end management company is provided by the SRH Total Return Fund, Inc. Repurchase agreements, warrants, domestic common stocks, corporate bonds, US Treasury bills, and corporate bonds make up the vast majority of its holdings. The company’s strategy entails making investments.
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