Shares of SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as $17.65 and last traded at $17.60, with a volume of 248 shares traded. The stock had previously closed at $17.34.
The newly announced dividend which will be paid on Thursday, July 31st. Stockholders of record on Thursday, July 24th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Thursday, July 24th.
SRH Total Return Fund Stock Performance
The stock has a 50 day moving average price of $16.84 and a two-hundred day moving average price of $16.52.
Institutional Investors Weigh In On SRH Total Return Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JP Wealth Management Inc. bought a new position in shares of SRH Total Return Fund in the 4th quarter valued at approximately $14,841,000. Raymond James Financial Inc. acquired a new stake in shares of SRH Total Return Fund during the 4th quarter worth approximately $3,665,000. Consolidated Portfolio Review Corp acquired a new stake in shares of SRH Total Return Fund during the 4th quarter worth approximately $2,277,000. Capstone Investment Advisors LLC acquired a new stake in shares of SRH Total Return Fund during the 4th quarter worth approximately $1,757,000. Finally, SouthState Corp bought a new position in shares of SRH Total Return Fund during the 1st quarter worth approximately $1,725,000. 15.61% of the stock is owned by hedge funds and other institutional investors.
About SRH Total Return Fund
(
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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.
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