SRH Total Return Fund (NYSE:STEW) Reaches New 52-Week High - Should You Buy?

Key Points

• SRH Total Return Fund (NYSE:STEW) reached a new 52-week high of $18.58, indicating strong market interest and performance.
• A quarterly dividend of $0.165 per share has been announced, resulting in an annual yield of 3.6%, which will be paid on October 31st.
• Recent institutional trading has seen hedge funds increase their positions in STEW, with notable purchases adding to total holdings of over 15.61% owned by institutional investors.

Shares of SRH Total Return Fund, Inc. (NYSE:STEW - ) reached a new 52-week high on Tuesday . The stock traded as high as $18.58 and last traded at $18.34, with a volume of 65567 shares. The stock had previously closed at $18.44.

SRH Total Return Fund Stock Down 0.5%

The company has a 50 day moving average price of $17.81 and a two-hundred day moving average price of $17.26.

SRH Total Return Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, October 24th.

Institutional Trading of SRH Total Return Fund

A number of hedge funds have recently bought and sold shares of STEW. Bank of America Corp DE increased its position in SRH Total Return Fund by 6.3% during the fourth quarter. Bank of America Corp DE now owns 161,699 shares of the company's stock valued at $2,590,000 after acquiring an additional 9,607 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in SRH Total Return Fund during the fourth quarter valued at about $1,757,000. Millennium Management LLC bought a new stake in SRH Total Return Fund during the fourth quarter valued at about $337,000. Quantedge Capital Pte Ltd grew its holdings in SRH Total Return Fund by 10.8% during the fourth quarter. Quantedge Capital Pte Ltd now owns 193,203 shares of the company's stock valued at $3,095,000 after purchasing an additional 18,800 shares during the period. Finally, Waverly Advisors LLC bought a new stake in SRH Total Return Fund during the fourth quarter valued at about $241,000. Hedge funds and other institutional investors own 15.61% of the company's stock.

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.

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