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

SRH Total Return Fund, Inc. (NYSE:STEW) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.08 and last traded at $16.04, with a volume of 54183 shares. The stock had previously closed at $15.46.

SRH Total Return Fund Price Performance

The company’s 50-day moving average is $15.71 and its two-hundred day moving average is $15.07.

SRH Total Return Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th were paid a dividend of $0.1375 per share. 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 Investors Weigh In On SRH Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Rocky Mountain Advisers LLC raised its holdings in SRH Total Return Fund by 0.4% during the 3rd quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company’s stock worth $3,025,000 after buying an additional 802 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of SRH Total Return Fund by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock valued at $1,150,000 after acquiring an additional 804 shares in the last quarter. Clear Creek Financial Management LLC lifted its position in shares of SRH Total Return Fund by 2.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 49,800 shares of the company’s stock valued at $725,000 after acquiring an additional 1,100 shares in the last quarter. Integrated Capital Management Inc. boosted its stake in SRH Total Return Fund by 13.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock worth $202,000 after purchasing an additional 1,690 shares during the period. Finally, NewEdge Advisors LLC grew its stake in SRH Total Return Fund by 2.7% during the 2nd 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 in the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

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.