JP Wealth Management Acquires 219,432 Shares of SRH Total Return Fund for $3.94 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Fool
- Share Acquisition: JP Wealth Management disclosed in an SEC filing that it acquired 219,432 additional shares of the SRH Total Return Fund for an estimated $3.94 million, indicating strong conviction in the fund's strategy.
- Asset Allocation Shift: This purchase increases the SRH fund's representation to 19.34% of JP Wealth Management's reportable U.S. equity assets, highlighting its significance in the investment portfolio.
- Fund Performance: The SRH Total Return Fund's shares are priced at $18.26, reflecting a 13% increase over the past year, with a yield of 4.38%, showcasing its stable income and value investment approach.
- Investment Strategy: The fund focuses on value-oriented equities and fixed-income investments, employing fundamental and quantitative analysis to identify financially sound businesses, aiming for long-term growth through compounding rather than short-term momentum.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
