SRH Total Return Fund (NYSE:STEW) Reaches New 12-Month High - Here's What Happened

Key Points

• The SRH Total Return Fund (NYSE: STEW) reached a new 52-week high of $17.99 during trading, closing at $17.95.
• Institutional investors have increased their stakes in the fund, with Northwestern Mutual Wealth Management Co. and Steward Partners Investment Advisory LLC growing their holdings significantly during the 2nd quarter.
• The SRH Total Return Fund is a closed-ended balanced mutual fund that invests in both equity and fixed-income markets globally, managed by Paralel Advisors LLC.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.99 and last traded at $17.95, with a volume of 34936 shares. The stock had previously closed at $17.82.

SRH Total Return Fund Trading Up 0.1%

The company has a 50 day moving average price of $17.60 and a 200 day moving average price of $17.15.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 24th.

Hedge Funds Weigh In On SRH Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in STEW. SRH Advisors LLC boosted its holdings in SRH Total Return Fund by 0.5% during the second quarter. SRH Advisors LLC now owns 187,837 shares of the company's stock worth $3,321,000 after buying an additional 842 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SRH Total Return Fund by 142.9% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the period. Cetera Investment Advisers boosted its stake in shares of SRH Total Return Fund by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 31,758 shares of the company's stock worth $548,000 after acquiring an additional 1,038 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SRH Total Return Fund by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 88,524 shares of the company's stock worth $1,527,000 after acquiring an additional 1,198 shares during the period. Finally, MML Investors Services LLC increased its stake in SRH Total Return Fund by 1.7% in the 4th quarter. MML Investors Services LLC now owns 73,787 shares of the company's stock valued at $1,182,000 after purchasing an additional 1,212 shares in the last quarter. Institutional investors and hedge funds 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.