PNC Financial Services Group Inc. Increases Holdings in SRH Total Return Fund, Inc. (NYSE:STEW)

PNC Financial Services Group Inc. lifted its holdings in SRH Total Return Fund, Inc. (NYSE:STEW) by 110.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,475 shares of the company’s stock after acquiring an additional 7,065 shares during the period. PNC Financial Services Group Inc.’s holdings in SRH Total Return Fund were worth $216,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Buffington Mohr McNeal bought a new stake in SRH Total Return Fund in the 4th quarter valued at $171,000. Steward Partners Investment Advisory LLC increased its holdings in shares of SRH Total Return Fund by 207.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock worth $182,000 after purchasing an additional 7,692 shares during the last quarter. Absolute Investment Advisers LLC purchased a new stake in shares of SRH Total Return Fund in the fourth quarter worth about $197,000. Synovus Financial Corp bought a new position in SRH Total Return Fund during the third quarter valued at approximately $202,000. Finally, Calamos Advisors LLC bought a new position in SRH Total Return Fund during the fourth quarter valued at approximately $272,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Stock Down 0.7 %

NYSE:STEW opened at $16.61 on Monday. SRH Total Return Fund, Inc. has a 1 year low of $14.19 and a 1 year high of $17.10. The stock’s 50 day simple moving average is $16.57 and its two-hundred day simple moving average is $16.18.

SRH Total Return Fund Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 3.97%. The ex-dividend date is Wednesday, April 23rd.

SRH Total Return Fund 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.