SRH Total Return Fund (NYSE:STEW) Sets New 1-Year High – What’s Next?

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $16.78 and last traded at $16.78, with a volume of 3485 shares changing hands. The stock had previously closed at $16.73.

SRH Total Return Fund Price Performance

The stock has a fifty day moving average price of $15.95 and a 200-day moving average price of $15.31.

SRH Total Return Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a $0.165 dividend. The ex-dividend date is Friday, January 24th. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.96%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rocky Mountain Advisers LLC increased its holdings in shares of SRH Total Return Fund by 0.4% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company’s stock valued at $3,025,000 after acquiring an additional 802 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of SRH Total Return Fund by 1.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 72,771 shares of the company’s stock worth $1,150,000 after purchasing an additional 804 shares in the last quarter. Clear Creek Financial Management LLC boosted its position in shares of SRH Total Return Fund by 2.3% in the 2nd quarter. Clear Creek Financial Management LLC now owns 49,800 shares of the company’s stock worth $725,000 after purchasing an additional 1,100 shares in the last quarter. Integrated Capital Management Inc. boosted its position in shares of SRH Total Return Fund by 13.9% in the 2nd quarter. Integrated Capital Management Inc. now owns 13,881 shares of the company’s stock worth $202,000 after purchasing an additional 1,690 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of SRH Total Return Fund by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 67,873 shares of the company’s stock worth $988,000 after purchasing an additional 1,795 shares in the last quarter. 15.61% of the stock is currently owned by hedge funds and other institutional investors.

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.