Allspring Global Investments Holdings LLC Purchases 63,439 Shares of SRH Total Return Fund, Inc. $STEW

Allspring Global Investments Holdings LLC grew its position in shares of SRH Total Return Fund, Inc. (NYSE:STEW) by 9.6% in the first quarter, Holdings Channel reports. The firm owned 721,643 shares of the company’s stock after purchasing an additional 63,439 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SRH Total Return Fund were worth $12,340,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JP Wealth Management Inc. boosted its stake in SRH Total Return Fund by 17.5% during the fourth quarter. JP Wealth Management Inc. now owns 1,475,715 shares of the company’s stock valued at $27,360,000 after buying an additional 219,432 shares during the period. Winning Points Advisors LLC bought a new position in SRH Total Return Fund in the 4th quarter worth about $3,414,000. 1607 Capital Partners LLC increased its stake in SRH Total Return Fund by 8.1% in the 4th quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock worth $16,052,000 after acquiring an additional 64,950 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of SRH Total Return Fund in the 4th quarter valued at about $2,865,000. Finally, Evolve Private Wealth LLC purchased a new stake in shares of SRH Total Return Fund in the 4th quarter valued at about $2,961,000. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Trading Up 0.1%

Shares of STEW opened at $18.24 on Wednesday. The stock has a 50-day moving average price of $17.80 and a 200-day moving average price of $17.78. SRH Total Return Fund, Inc. has a 12-month low of $16.55 and a 12-month high of $18.67.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, July 24th.

Insider Transactions at SRH Total Return Fund

In related news, Director Jacob E. Hemmer bought 5,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $175,300. This trade represents a 100.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

SRH Total Return Fund Profile

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.