SRH Total Return Fund (NYSE:STEW) Sets New 52-Week High – Here’s What Happened

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock 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 traded. The stock had previously closed at $16.61.

SRH Total Return Fund Stock Down 0.3 %

The stock’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $15.88.

SRH Total Return Fund Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STEW. Pathstone Holdings LLC lifted its holdings in shares of SRH Total Return Fund by 11.5% during the third quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company’s stock worth $18,934,000 after purchasing an additional 123,445 shares during the period. JP Wealth Management Inc. purchased a new stake in shares of SRH Total Return Fund in the 4th quarter valued at $14,841,000. Shaker Financial Services LLC increased its stake in shares of SRH Total Return Fund by 3.0% in the third quarter. Shaker Financial Services LLC now owns 655,209 shares of the company’s stock worth $10,352,000 after acquiring an additional 19,227 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of SRH Total Return Fund by 1.3% during the third quarter. Wolverine Asset Management LLC now owns 312,888 shares of the company’s stock worth $4,944,000 after purchasing an additional 4,008 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC lifted its position in SRH Total Return Fund by 13.9% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 257,068 shares of the company’s stock valued at $4,118,000 after purchasing an additional 31,316 shares during the period. 15.61% of the stock is owned by institutional investors and hedge funds.

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.