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

Key Points

• Shares of SRH Total Return Fund (NYSE:STEW) reached a new 12-month high, trading at $18.67, with a volume of 65,555 shares.
• The fund announced a quarterly dividend of $0.165 per share, equivalent to an annualized yield of 3.6%, set to be paid on October 31st.
• Significant institutional investment activity was noted, with firms like B. Riley Wealth Advisors acquiring a new stake valued at about $7.1 million during the second quarter.

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $18.67 and last traded at $18.43, with a volume of 65555 shares trading hands. The stock had previously closed at $18.57.

SRH Total Return Fund Price Performance

The company's 50-day moving average is $17.94 and its two-hundred day moving average is $17.35.

SRH Total Return Fund Announces Dividend

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

Hedge Funds Weigh In On SRH Total Return Fund

Several hedge funds have recently modified their holdings of STEW. Bank of America Corp DE lifted its position in shares of SRH Total Return Fund by 6.3% during the 4th quarter. Bank of America Corp DE now owns 161,699 shares of the company's stock worth $2,590,000 after buying an additional 9,607 shares in the last quarter. Millennium Management LLC bought a new position in shares of SRH Total Return Fund during the 4th quarter worth approximately $337,000. Waverly Advisors LLC bought a new position in shares of SRH Total Return Fund during the 4th quarter worth approximately $241,000. CSS LLC IL lifted its position in shares of SRH Total Return Fund by 0.7% during the 4th quarter. CSS LLC IL now owns 666,055 shares of the company's stock worth $10,670,000 after buying an additional 4,842 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of SRH Total Return Fund by 6.4% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 401,936 shares of the company's stock worth $6,439,000 after buying an additional 24,005 shares in the last quarter. 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.