SRH Total Return Fund (NYSE:STEW) Reaches New 52-Week High – Should You Buy?

SRH Total Return Fund, Inc. (NYSE:STEW)’s share price hit a new 52-week high during mid-day 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 stock’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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.98%.

Institutional Trading of SRH Total Return Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STEW. Quarry LP acquired a new position in SRH Total Return Fund in the 2nd quarter valued at approximately $153,000. Choreo LLC bought a new stake in shares of SRH Total Return Fund in the 2nd quarter valued at approximately $185,000. Hudson Value Partners LLC bought a new position in shares of SRH Total Return Fund during the 3rd quarter worth approximately $193,000. Integrated Capital Management Inc. lifted its holdings in shares of SRH Total Return Fund by 13.9% during the second quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock valued at $202,000 after acquiring an additional 1,690 shares during the period. Finally, Synovus Financial Corp acquired a new stake in shares of SRH Total Return Fund in the 3rd quarter valued at $202,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

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.