Concurrent Investment Advisors LLC Takes Position in SRH Total Return Fund, Inc. (NYSE:STEW)

Concurrent Investment Advisors LLC bought a new position in shares of SRH Total Return Fund, Inc. (NYSE:STEW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,305 shares of the company’s stock, valued at approximately $822,000.

A number of other hedge funds also recently bought and sold shares of the stock. Buffington Mohr McNeal acquired a new position in shares of SRH Total Return Fund during the fourth quarter worth $171,000. Hudson Value Partners LLC purchased a new position in SRH Total Return Fund during the 3rd quarter worth $193,000. Absolute Investment Advisers LLC acquired a new position in SRH Total Return Fund during the 4th quarter valued at about $197,000. Synovus Financial Corp acquired a new position in SRH Total Return Fund during the 3rd quarter valued at about $202,000. Finally, Calamos Advisors LLC purchased a new stake in SRH Total Return Fund in the fourth quarter valued at about $272,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Price Performance

Shares of NYSE STEW opened at $16.67 on Monday. SRH Total Return Fund, Inc. has a fifty-two week low of $14.19 and a fifty-two week high of $17.00. The business has a 50-day simple moving average of $16.35 and a two-hundred day simple moving average of $16.03.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, April 23rd.

About SRH Total Return Fund

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.