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

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

SRH Total Return Fund Stock Down 1.3 %

The company’s fifty 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.1375 per share. This represents a $0.55 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STEW. Heritage Wealth Management Inc. acquired a new position in SRH Total Return Fund during the 2nd quarter valued at about $462,000. Sanctuary Advisors LLC bought a new stake in shares of SRH Total Return Fund during the second quarter worth approximately $2,369,000. Quarry LP acquired a new position in SRH Total Return Fund in the second quarter valued at approximately $153,000. NewEdge Advisors LLC boosted its stake in 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 acquiring an additional 1,795 shares during the last quarter. Finally, Choreo LLC acquired a new position in SRH Total Return Fund during the 2nd quarter worth approximately $185,000. 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.