SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $17.46 and last traded at $17.15, with a volume of 92168 shares changing hands. The stock had previously closed at $16.84.

SRH Total Return Fund Price Performance

The firm has a 50-day moving average price of $16.65 and a 200-day moving average price of $16.22.

SRH Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Trading of SRH Total Return Fund

Institutional investors have recently added to or reduced their stakes in the business. Buffington Mohr McNeal bought a new position in shares of SRH Total Return Fund during the 4th quarter valued at $171,000. Steward Partners Investment Advisory LLC raised its holdings in 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 valued at $182,000 after acquiring an additional 7,692 shares during the period. Absolute Investment Advisers LLC bought a new position in SRH Total Return Fund in the 4th quarter worth approximately $197,000. Synovus Financial Corp bought a new stake in SRH Total Return Fund in the 3rd quarter valued at $202,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of SRH Total Return Fund by 110.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock worth $216,000 after buying an additional 7,065 shares in the last quarter. 15.61% of the stock is currently 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.