SRH Total Return Fund (NYSE:STEW) Hits New 1-Year High – What’s Next?

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

SRH Total Return Fund Price Performance

The stock’s 50 day moving average is $16.30 and its 200-day moving average is $15.87.

SRH Total Return Fund Increases Dividend

The firm also recently announced 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. This represents a $0.66 annualized dividend and a yield of 3.94%. This is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, January 24th.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors have recently bought and sold shares of STEW. Buffington Mohr McNeal purchased a new stake in SRH Total Return Fund in the 4th quarter worth about $171,000. Steward Partners Investment Advisory LLC lifted its stake in SRH Total Return Fund by 207.9% during 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. Hudson Value Partners LLC purchased a new stake in shares of SRH Total Return Fund in the 3rd quarter valued at $193,000. Absolute Investment Advisers LLC purchased a new position in shares of SRH Total Return Fund during the fourth quarter worth $197,000. Finally, Synovus Financial Corp acquired a new position in SRH Total Return Fund during the third quarter valued at $202,000. 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.