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

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Key Points

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SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $18.13 and last traded at $18.12, with a volume of 5179 shares. The stock had previously closed at $18.00.

SRH Total Return Fund Stock Up 0.9%

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

SRH Total Return Fund Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in STEW. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SRH Total Return Fund by 142.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Costello Asset Management INC acquired a new position in shares of SRH Total Return Fund during the first quarter valued at about $154,000. NBC Securities Inc. grew its holdings in shares of SRH Total Return Fund by 105,800.0% during the first quarter. NBC Securities Inc. now owns 9,531 shares of the company's stock valued at $164,000 after buying an additional 9,522 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SRH Total Return Fund by 22.6% during the second 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 during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of SRH Total Return Fund by 37.3% during the second 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 during the last quarter. 15.61% of the stock is currently owned by institutional investors and hedge funds.

About SRH Total Return Fund

(Get Free Report)

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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