SRH Total Return Fund (NYSE:STEW) Sets New 1-Year High - Here's Why

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 - ) reached a new 52-week high during trading on Wednesday . The stock traded as high as $17.99 and last traded at $17.95, with a volume of 34936 shares traded. The stock had previously closed at $17.82.

SRH Total Return Fund Stock Performance

The stock has a 50 day simple moving average of $17.56 and a 200-day simple moving average of $17.11.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company's stock valued at $170,000 after buying an additional 1,775 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SRH Total Return Fund by 37.3% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 10,364 shares of the company's stock valued at $183,000 after buying an additional 2,814 shares in the last quarter. IFG Advisory LLC purchased a new stake in SRH Total Return Fund during the 2nd quarter valued at approximately $2,854,000. Flagship Harbor Advisors LLC grew its holdings in SRH Total Return Fund by 2.9% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 206,955 shares of the company's stock valued at $3,659,000 after buying an additional 5,907 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in SRH Total Return Fund by 16.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 102,649 shares of the company's stock valued at $1,815,000 after buying an additional 14,125 shares in the last quarter. 15.61% of the stock is currently owned by institutional investors.

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.

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