SRH Total Return Fund (NYSE:STEW) Sets New 1-Year High – Here’s What Happened

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) hit a new 52-week high during trading on Monday . The company traded as high as $16.49 and last traded at $16.49, with a volume of 600 shares traded. The stock had previously closed at $16.33.

SRH Total Return Fund Price Performance

The firm’s 50 day moving average price is $15.89 and its 200-day moving average price is $15.27.

SRH Total Return Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be given a $0.165 dividend. The ex-dividend date is Friday, January 24th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.98%. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STEW. Synovus Financial Corp acquired a new position in shares of SRH Total Return Fund in the third quarter valued at approximately $202,000. Landscape Capital Management L.L.C. boosted its position in shares of SRH Total Return Fund by 8.9% during the third quarter. Landscape Capital Management L.L.C. now owns 126,984 shares of the company’s stock worth $2,006,000 after buying an additional 10,404 shares during the period. Pathstone Holdings LLC lifted its stake in 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 acquiring an additional 123,445 shares in the last quarter. Sather Financial Group Inc bought a new stake in SRH Total Return Fund in the 3rd quarter valued at approximately $303,000. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of SRH Total Return Fund by 1.1% in the third quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock valued at $1,150,000 after purchasing an additional 804 shares during the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

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.