SRH Total Return Fund (NYSE:STEW) Hits New 52-Week High – Here’s Why

SRH Total Return Fund, Inc. (NYSE:STEW)’s share price reached a new 52-week high on Thursday . The stock traded as high as $16.84 and last traded at $16.81, with a volume of 17631 shares changing hands. The stock had previously closed at $16.61.

SRH Total Return Fund Price Performance

The business’s 50-day moving average is $16.30 and its two-hundred day moving average is $15.87.

SRH Total Return Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 24th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.14.

Institutional Trading of SRH Total Return Fund

Several large investors have recently modified their holdings of the stock. Buffington Mohr McNeal acquired a new position in shares of SRH Total Return Fund during the fourth quarter worth approximately $171,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of SRH Total Return Fund by 207.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock worth $182,000 after acquiring an additional 7,692 shares during the period. Hudson Value Partners LLC bought a new stake in shares of SRH Total Return Fund during the 3rd quarter valued at $193,000. Absolute Investment Advisers LLC purchased a new stake in shares of SRH Total Return Fund in the fourth quarter worth about $197,000. Finally, Synovus Financial Corp purchased a new position in SRH Total Return Fund in the third quarter worth $202,000. 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.