SRH Total Return Fund (NYSE:STEW) Sets New 1-Year High – Time to Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $16.08 and last traded at $16.01, with a volume of 18639 shares trading hands. The stock had previously closed at $15.98.

SRH Total Return Fund Stock Performance

The firm’s 50 day moving average price is $15.68 and its two-hundred day moving average price is $15.00.

SRH Total Return Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be issued a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Investors Weigh In On SRH Total Return Fund

Several hedge funds have recently added to or reduced their stakes in STEW. Clear Creek Financial Management LLC raised its position in shares of SRH Total Return Fund by 2.3% in the second quarter. Clear Creek Financial Management LLC now owns 49,800 shares of the company’s stock valued at $725,000 after purchasing an additional 1,100 shares during the period. Integrated Capital Management Inc. raised its stake in SRH Total Return Fund by 13.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock worth $202,000 after purchasing an additional 1,690 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of SRH Total Return Fund by 2.7% in the second quarter. NewEdge Advisors LLC now owns 67,873 shares of the company’s stock valued at $988,000 after buying an additional 1,795 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in shares of SRH Total Return Fund by 6.6% in the second quarter. Blue Bell Private Wealth Management LLC now owns 144,744 shares of the company’s stock valued at $2,106,000 after buying an additional 9,018 shares during the period. Finally, Matisse Capital raised its holdings in SRH Total Return Fund by 5.9% in the 2nd quarter. Matisse Capital now owns 180,000 shares of the company’s stock valued at $2,619,000 after acquiring an additional 10,000 shares in the last quarter. Institutional investors and hedge funds 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.