HighTower Advisors LLC Invests $806,000 in SRH Total Return Fund, Inc. (NYSE:STEW)

Posted by Defense World Staff on May 30th, 2023

HighTower Advisors LLC purchased a new position in SRH Total Return Fund, Inc. (NYSE:STEW – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,569 shares of the company’s stock, valued at approximately $806,000. HighTower Advisors LLC owned 0.07% of SRH Total Return Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of STEW. Bulldog Investors LLP bought a new position in SRH Total Return Fund in the third quarter worth approximately $10,130,000. Allspring Global Investments Holdings LLC bought a new position in SRH Total Return Fund in the fourth quarter worth approximately $4,979,000. Shaker Financial Services LLC bought a new position in SRH Total Return Fund in the third quarter worth approximately $3,972,000. B. Riley Wealth Advisors Inc. bought a new position in SRH Total Return Fund in the third quarter worth approximately $3,847,000. Finally, Royal Bank of Canada bought a new position in SRH Total Return Fund in the third quarter worth approximately $2,507,000. 13.85% of the stock is currently owned by hedge funds and other institutional investors.

SRH Total Return Fund Price Performance

Shares of NYSE:STEW opened at $12.45 on Tuesday. SRH Total Return Fund, Inc. has a 52-week low of $10.65 and a 52-week high of $13.55. The business’s 50 day moving average is $12.45 and its 200 day moving average is $12.64.

SRH Total Return Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Monday, July 24th will be paid a $0.125 dividend. The ex-dividend date is Friday, July 21st. This represents a $0.50 annualized dividend and a yield of 4.02%.

SRH Total Return Fund Company Profile

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Boulder Growth & Income Fund is a closed-end, non-diversified fund with a total return investment goal. The Fund uses a bottom-up, value-driven investment strategy to find stocks of elevated companies that are selling below their estimated intrinsic value in order to meet its objective. Finding investment possibilities that will offer appealing returns over a lengthy holding period is the objective of this procedure.