SRH Total Return Fund (NYSE:STEW) Hits New 52-Week High – Time to Buy?

SRH Total Return Fund, Inc. (NYSE:STEW)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $17.09 and last traded at $17.06, with a volume of 5438 shares traded. The stock had previously closed at $16.93.

SRH Total Return Fund Trading Down 0.2 %

The business has a fifty day moving average of $16.46 and a 200 day moving average of $16.11.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a dividend yield of 4.00%.

Institutional Investors Weigh In On SRH Total Return Fund

Large investors have recently added to or reduced their stakes in the business. SRH Advisors LLC boosted its position in SRH Total Return Fund by 0.4% during the fourth quarter. SRH Advisors LLC now owns 192,242 shares of the company’s stock worth $3,080,000 after purchasing an additional 796 shares during the period. Rocky Mountain Advisers LLC boosted its holdings in shares of SRH Total Return Fund by 0.4% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company’s stock worth $3,025,000 after buying an additional 802 shares during the period. Oppenheimer & Co. Inc. lifted its position in SRH Total Return Fund by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock worth $1,150,000 after acquiring an additional 804 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of SRH Total Return Fund by 4.8% in the fourth quarter. Level Four Advisory Services LLC now owns 18,496 shares of the company’s stock valued at $296,000 after purchasing an additional 854 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in shares of SRH Total Return Fund by 1.7% during the fourth quarter. MML Investors Services LLC now owns 73,787 shares of the company’s stock worth $1,182,000 after purchasing an additional 1,212 shares during the period. Institutional investors own 15.61% of the company’s stock.

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.