SRH Total Return Fund (NYSE:STEW) Sees Strong Trading Volume – Should You Buy?

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-high trading volume on Thursday . Approximately 112,820 shares changed hands during trading, an increase of 39% from the previous session’s volume of 81,322 shares.The stock last traded at $17.30 and had previously closed at $17.19.

SRH Total Return Fund Stock Down 0.8 %

The business’s fifty day moving average is $16.66 and its two-hundred day moving average is $16.23.

SRH Total Return Fund Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.84%.

Hedge Funds Weigh In On SRH Total Return Fund

Several large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its position in SRH Total Return Fund by 110.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock valued at $216,000 after purchasing an additional 7,065 shares during the period. JP Wealth Management Inc. bought a new stake in shares of SRH Total Return Fund during the 4th quarter valued at $14,841,000. Private Advisor Group LLC boosted its holdings in SRH Total Return Fund by 15.5% during the fourth quarter. Private Advisor Group LLC now owns 20,957 shares of the company’s stock worth $336,000 after buying an additional 2,805 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in SRH Total Return Fund by 13.9% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 257,068 shares of the company’s stock worth $4,118,000 after acquiring an additional 31,316 shares during the last quarter. Finally, Dakota Wealth Management acquired a new position in SRH Total Return Fund during the fourth quarter valued at approximately $308,000. Institutional investors and hedge funds 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.