Kingswood Wealth Advisors LLC Purchases 6,850 Shares of SRH Total Return Fund, Inc. (NYSE:STEW)

Kingswood Wealth Advisors LLC boosted its position in SRH Total Return Fund, Inc. (NYSE:STEW) by 13.8% in the fourth quarter, HoldingsChannel reports. The firm owned 56,425 shares of the company’s stock after buying an additional 6,850 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in SRH Total Return Fund were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Quarry LP bought a new position in SRH Total Return Fund in the 2nd quarter worth approximately $153,000. Hudson Value Partners LLC bought a new position in SRH Total Return Fund in the 3rd quarter worth approximately $193,000. Synovus Financial Corp bought a new position in SRH Total Return Fund in the 3rd quarter worth approximately $202,000. Sather Financial Group Inc bought a new position in SRH Total Return Fund in the 3rd quarter worth approximately $303,000. Finally, Dakota Wealth Management bought a new position in SRH Total Return Fund in the 4th quarter worth approximately $308,000. 15.61% of the stock is owned by institutional investors.

SRH Total Return Fund Stock Up 0.2 %

STEW opened at $16.59 on Wednesday. The company has a 50 day moving average of $16.29 and a 200 day moving average of $15.82. SRH Total Return Fund, Inc. has a 12 month low of $14.01 and a 12 month high of $16.83.

SRH Total Return Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.165 dividend. The ex-dividend date is Friday, January 24th. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 3.98%.

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.