SRH Total Return Fund (NYSE:STEW) Hits New 12-Month High – Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) shares hit a new 52-week high on Monday . The stock traded as high as $17.09 and last traded at $17.06, with a volume of 5438 shares. The stock had previously closed at $16.93.

SRH Total Return Fund Stock Performance

The firm’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $16.11.

SRH Total Return Fund Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On SRH Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. JP Wealth Management Inc. bought a new position in shares of SRH Total Return Fund in the 4th quarter valued at about $14,841,000. Raymond James Financial Inc. bought a new position in SRH Total Return Fund in the fourth quarter valued at approximately $3,665,000. Consolidated Portfolio Review Corp bought a new stake in shares of SRH Total Return Fund during the 4th quarter worth approximately $2,277,000. Pathstone Holdings LLC boosted 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 valued at $18,934,000 after buying an additional 123,445 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of SRH Total Return Fund in the fourth quarter valued at $1,757,000. 15.61% of the stock is owned by institutional investors.

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.