Raymond James & Associates Cuts Stock Holdings in SRH Total Return Fund, Inc. (NYSE:STEW)

Raymond James & Associates reduced its position in shares of SRH Total Return Fund, Inc. (NYSE:STEW – Get Rating) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 351,386 shares of the company’s stock after selling 24,993 shares during the period. Raymond James & Associates owned approximately 0.36% of SRH Total Return Fund worth $4,463,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STEW. Bulldog Investors LLP acquired a new position in SRH Total Return Fund during the third quarter worth about $10,130,000. Shaker Financial Services LLC grew its position in SRH Total Return Fund by 19.8% during the fourth quarter. Shaker Financial Services LLC now owns 437,441 shares of the company’s stock worth $5,556,000 after buying an additional 72,330 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in SRH Total Return Fund during the fourth quarter worth about $4,979,000. B. Riley Wealth Advisors Inc. acquired a new position in SRH Total Return Fund during the third quarter worth about $3,847,000. Finally, Royal Bank of Canada acquired a new position in SRH Total Return Fund during the third quarter worth about $2,507,000. 13.85% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Stock Performance

Shares of STEW opened at $12.51 on Wednesday. The firm’s 50-day moving average is $12.41 and its two-hundred day moving average is $12.64. SRH Total Return Fund, Inc. has a twelve month low of $10.65 and a twelve month high of $13.55.

SRH Total Return Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Monday, July 24th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, July 21st. This represents a $0.50 annualized dividend and a dividend yield of 4.00%.

About SRH Total Return Fund

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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.