SRH Total Return Fund (NYSE:STEW) Reaches New 1-Year High - Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The stock traded as high as $17.94 and last traded at $17.92, with a volume of 58424 shares changing hands. The stock had previously closed at $17.76.

SRH Total Return Fund Stock Performance

The firm has a 50 day moving average of $17.53 and a two-hundred day moving average of $16.97.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Thursday, July 24th. This represents a $0.66 annualized dividend and a yield of 3.70%.

Hedge Funds Weigh In On SRH Total Return Fund

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in SRH Total Return Fund by 13.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 612,949 shares of the company's stock valued at $10,837,000 after acquiring an additional 71,501 shares in the last quarter. JP Wealth Management Inc. lifted its position in shares of SRH Total Return Fund by 32.8% during the 2nd quarter. JP Wealth Management Inc. now owns 1,286,433 shares of the company's stock worth $22,744,000 after buying an additional 317,988 shares during the period. SRH Advisors LLC lifted its position in shares of SRH Total Return Fund by 0.5% during the 2nd quarter. SRH Advisors LLC now owns 187,837 shares of the company's stock worth $3,321,000 after buying an additional 842 shares during the period. Consolidated Portfolio Review Corp lifted its position in shares of SRH Total Return Fund by 1.5% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 204,998 shares of the company's stock worth $3,624,000 after buying an additional 3,025 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of SRH Total Return Fund by 15.6% during the 2nd quarter. Park Avenue Securities LLC now owns 95,541 shares of the company's stock worth $1,689,000 after buying an additional 12,866 shares during the period. 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.