SRH Total Return Fund (NYSE:STEW) Sees Strong Trading Volume – Time to Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) shares saw strong trading volume on Thursday . 253,090 shares traded hands during trading, an increase of 195% from the previous session’s volume of 85,905 shares.The stock last traded at $16.82 and had previously closed at $17.34.

SRH Total Return Fund Price Performance

The company’s 50-day moving average is $16.69 and its 200 day moving average is $16.28.

SRH Total Return Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a $0.165 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.18%.

Institutional Investors Weigh In On SRH Total Return Fund

A number of large investors have recently made changes to their positions in the stock. Buffington Mohr McNeal acquired a new stake in SRH Total Return Fund during the 4th quarter worth about $171,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of SRH Total Return Fund by 207.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock worth $182,000 after purchasing an additional 7,692 shares during the period. Absolute Investment Advisers LLC purchased a new stake in SRH Total Return Fund in the fourth quarter valued at approximately $197,000. Synovus Financial Corp acquired a new position in SRH Total Return Fund in the 3rd quarter worth approximately $202,000. Finally, PNC Financial Services Group Inc. raised its position in SRH Total Return Fund by 110.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock worth $216,000 after buying an additional 7,065 shares during the last quarter. 15.61% of the stock is 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.