SRH Total Return Fund (NYSE:STEW) Sees Large Volume Increase – Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) shares saw unusually-strong trading volume on Tuesday . Approximately 138,681 shares traded hands during trading, an increase of 72% from the previous session’s volume of 80,663 shares.The stock last traded at $15.91 and had previously closed at $15.94.

SRH Total Return Fund Stock Up 0.3 %

The firm’s fifty day moving average is $16.16 and its 200-day moving average is $15.53.

SRH Total Return Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a $0.66 annualized dividend and a dividend yield of 4.13%. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.14.

Institutional Investors Weigh In On SRH Total Return Fund

Several large investors have recently modified their holdings of the stock. Synovus Financial Corp purchased a new position in shares of SRH Total Return Fund in the third quarter valued at $202,000. Landscape Capital Management L.L.C. increased its position in shares of SRH Total Return Fund by 8.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 126,984 shares of the company’s stock valued at $2,006,000 after purchasing an additional 10,404 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of SRH Total Return Fund by 11.5% during the 3rd quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company’s stock valued at $18,934,000 after purchasing an additional 123,445 shares during the last quarter. Sather Financial Group Inc bought a new position in shares of SRH Total Return Fund during the third quarter valued at about $303,000. Finally, Oppenheimer & Co. Inc. increased its stake in SRH Total Return Fund by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock worth $1,150,000 after purchasing an additional 804 shares during the period. Hedge funds and other institutional investors 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.