A $3.9 Million Buy Just Pushed This Closed-End Fund to 19% of an Advisor’s Portfolio

Core Insights - JP Wealth Management disclosed an increase in its position in the SRH Total Return Fund by 219,432 shares, valued at approximately $3.94 million based on average quarterly pricing [2][3][6] - The total value of JP Wealth Management's position in the fund rose by $4.55 million over the quarter, influenced by both trading activity and market price movements [3][6] - The SRH Total Return Fund now constitutes 19.34% of JP Wealth Management's reportable U.S. equity assets [4] Fund Performance - As of the latest report, shares of the SRH Total Return Fund were priced at $18.26, reflecting a 13% increase over the past year, with a yield of approximately 4.38% [4] - The S&P 500 index has increased by about 17% during the same period, indicating a competitive performance of the fund [4] Fund Overview - The SRH Total Return Fund has net assets totaling $1.76 billion and focuses on a diversified portfolio of public equities and fixed-income securities, emphasizing dividend-paying value stocks and corporate bonds [5][8] - The fund operates as a closed-end investment fund, generating income primarily through investment returns, interest, and dividends from its holdings, targeting both institutional and individual investors [9]