SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – What’s Next?

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) reached a new 52-week high during trading on Monday . The company traded as high as $16.49 and last traded at $16.49, with a volume of 600 shares traded. The stock had previously closed at $16.33.

SRH Total Return Fund Stock Up 1.0 %

The business’s 50 day moving average price is $15.85 and its two-hundred day moving average price is $15.24.

SRH Total Return Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, January 24th. This is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 4.00%.

Institutional Investors Weigh In On SRH Total Return Fund

Several hedge funds have recently made changes to their positions in the company. Quarry LP acquired a new position in SRH Total Return Fund during the second quarter valued at $153,000. Choreo LLC purchased a new position in SRH Total Return Fund during the second quarter valued at approximately $185,000. Hudson Value Partners LLC acquired a new position in SRH Total Return Fund in the 3rd quarter valued at approximately $193,000. Integrated Capital Management Inc. boosted its stake in shares of SRH Total Return Fund by 13.9% during the 2nd quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock valued at $202,000 after buying an additional 1,690 shares during the period. Finally, Sather Financial Group Inc purchased a new position in shares of SRH Total Return Fund during the 3rd quarter valued at $303,000. Hedge funds and other 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.