SRH Total Return Fund (NYSE:STEW) Hits New 1-Year High – Here’s What Happened

SRH Total Return Fund, Inc. (NYSE:STEW)’s share price reached a new 52-week high on Wednesday . The company traded as high as $16.08 and last traded at $16.04, with a volume of 54183 shares changing hands. The stock had previously closed at $15.46.

SRH Total Return Fund Stock Up 3.8 %

The stock’s fifty day moving average is $15.71 and its 200-day moving average is $15.07.

SRH Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $0.55 annualized dividend and a yield of 3.43%.

Institutional Trading of SRH Total Return Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Karpus Management Inc. boosted its stake in SRH Total Return Fund by 86.7% in the 1st quarter. Karpus Management Inc. now owns 76,555 shares of the company’s stock valued at $1,153,000 after buying an additional 35,552 shares in the last quarter. Integrated Capital Management Inc. raised its stake in shares of SRH Total Return Fund by 13.9% in the second quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock worth $202,000 after acquiring an additional 1,690 shares during the last quarter. Raymond James & Associates grew its stake in shares of SRH Total Return Fund by 4.1% during the second quarter. Raymond James & Associates now owns 343,602 shares of the company’s stock valued at $4,999,000 after purchasing an additional 13,439 shares during the last quarter. Clear Creek Financial Management LLC increased its holdings 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 in the last quarter. Finally, Matisse Capital raised its position in SRH Total Return Fund by 5.9% in the 2nd quarter. Matisse Capital now owns 180,000 shares of the company’s stock worth $2,619,000 after purchasing an additional 10,000 shares during the last quarter. 15.61% of the stock is currently owned by institutional investors.

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.