SRH Total Return Fund (NYSE:STEW) Sees Strong Trading Volume – Time to Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-strong trading volume on Tuesday . Approximately 138,681 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 80,663 shares.The stock last traded at $15.91 and had previously closed at $15.94.

SRH Total Return Fund Price Performance

The stock’s 50-day moving average price is $16.16 and its two-hundred day moving average price is $15.53.

SRH Total Return Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.66 annualized dividend and a dividend yield of 4.13%. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in STEW. Quarry LP bought a new stake in SRH Total Return Fund in the 2nd quarter worth about $153,000. Hudson Value Partners LLC purchased a new stake in SRH Total Return Fund in the 3rd quarter worth approximately $193,000. Choreo LLC purchased a new position in shares of SRH Total Return Fund during the 2nd quarter valued at $185,000. Synovus Financial Corp purchased a new stake in SRH Total Return Fund in the 3rd quarter worth $202,000. Finally, Sather Financial Group Inc bought a new stake in SRH Total Return Fund during the third quarter valued at about $303,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

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.