SRH Total Return Fund (NYSE:STEW) Sets New 1-Year High - Time to Buy?

Key Points

• SRH Total Return Fund (NYSE:STEW) hit a new 52-week high of $18.27 during trading, marking a slight increase from its previous close of $18.05.
• The fund announced a quarterly dividend of $0.165, payable on October 31st, which represents an annualized yield of 3.6%.
• Institutional investors currently hold 15.61% of the fund's shares, with notable transactions from firms like Allspring Global Investments and Oppenheimer & Co.

SRH Total Return Fund, Inc. (NYSE:STEW - ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.24 and last traded at $18.27, with a volume of 58485 shares changing hands. The stock had previously closed at $18.05.

SRH Total Return Fund Stock Down 0.1%

The stock's fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.19.

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. The ex-dividend date of this dividend is Friday, October 24th. This represents a $0.66 dividend on an annualized basis and a yield of 3.6%.

Institutional Trading of SRH Total Return Fund

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its holdings in SRH Total Return Fund by 1.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 541,448 shares of the company's stock valued at $9,340,000 after purchasing an additional 7,136 shares during the period. Millennium Management LLC acquired a new position in shares of SRH Total Return Fund in the 4th quarter valued at approximately $337,000. B. Riley Wealth Advisors Inc. raised its position in shares of SRH Total Return Fund by 6.4% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 401,936 shares of the company's stock valued at $6,439,000 after buying an additional 24,005 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of SRH Total Return Fund by 32.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 96,071 shares of the company's stock valued at $1,657,000 after buying an additional 23,300 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new position in shares of SRH Total Return Fund in the 1st quarter valued at approximately $391,000. 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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