SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – Should You Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.46 and last traded at $17.15, with a volume of 92168 shares changing hands. The stock had previously closed at $16.84.

SRH Total Return Fund Stock Performance

The business has a 50 day moving average of $16.61 and a 200-day moving average of $16.20.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.83%.

Institutional Trading of SRH Total Return Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Buffington Mohr McNeal acquired a new position in SRH Total Return Fund in the fourth quarter valued at $171,000. Steward Partners Investment Advisory LLC increased its position in SRH Total Return Fund by 207.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock valued at $182,000 after acquiring an additional 7,692 shares during the period. Absolute Investment Advisers LLC purchased a new stake in SRH Total Return Fund during the 4th quarter valued at approximately $197,000. Synovus Financial Corp acquired a new stake in SRH Total Return Fund during the 3rd quarter worth approximately $202,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of SRH Total Return Fund by 110.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock valued at $216,000 after purchasing an additional 7,065 shares during the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Company 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.