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

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $16.84 and last traded at $16.81, with a volume of 17631 shares. The stock had previously closed at $16.61.

SRH Total Return Fund Trading Down 0.3 %

The business has a fifty day simple moving average of $16.31 and a two-hundred day simple moving average of $15.88.

SRH Total Return Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 24th were given a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a $0.66 dividend on an annualized basis and a yield of 3.94%. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14.

Institutional Trading of SRH Total Return Fund

Hedge funds have recently modified their holdings of the company. Buffington Mohr McNeal purchased a new stake in SRH Total Return Fund during the fourth quarter valued at approximately $171,000. Steward Partners Investment Advisory LLC increased its position in shares of SRH Total Return Fund by 207.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock worth $182,000 after purchasing an additional 7,692 shares in the last quarter. Hudson Value Partners LLC purchased a new stake in shares of SRH Total Return Fund during the 3rd quarter valued at $193,000. Absolute Investment Advisers LLC acquired a new stake in shares of SRH Total Return Fund in the 4th quarter worth $197,000. Finally, Synovus Financial Corp purchased a new position in SRH Total Return Fund during the 3rd quarter worth $202,000. 15.61% of the stock is owned by hedge funds and other 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.