Independent Advisor Alliance Invests $1.46 Million in SRH Total Return Fund, Inc. (NYSE:STEW)

Independent Advisor Alliance bought a new stake in shares of SRH Total Return Fund, Inc. (NYSE:STEW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 91,325 shares of the company’s stock, valued at approximately $1,463,000. Independent Advisor Alliance owned approximately 0.09% of SRH Total Return Fund as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its holdings in SRH Total Return Fund by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock worth $1,150,000 after buying an additional 804 shares in the last quarter. Sather Financial Group Inc bought a new stake in shares of SRH Total Return Fund during the 3rd quarter worth $303,000. Pathstone Holdings LLC grew its holdings in shares of SRH Total Return Fund by 11.5% in the 3rd quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company’s stock worth $18,934,000 after acquiring an additional 123,445 shares during the last quarter. Landscape Capital Management L.L.C. grew its holdings in shares of SRH Total Return Fund by 8.9% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 126,984 shares of the company’s stock worth $2,006,000 after acquiring an additional 10,404 shares during the last quarter. Finally, Synovus Financial Corp acquired a new stake in shares of SRH Total Return Fund during the third quarter worth $202,000. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Trading Up 1.6 %

NYSE:STEW opened at $16.32 on Friday. The stock has a fifty day simple moving average of $16.50 and a 200 day simple moving average of $16.15. SRH Total Return Fund, Inc. has a 1-year low of $14.19 and a 1-year high of $17.10.

SRH Total Return Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 4.04%. 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.