SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – Should You Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $16.99 and last traded at $16.94, with a volume of 519 shares. The stock had previously closed at $16.86.

SRH Total Return Fund Stock Performance

The stock has a 50-day moving average price of $16.31 and a 200-day moving average price of $15.93.

Hedge Funds Weigh In On SRH Total Return Fund

Hedge funds have recently made changes to their positions in the stock. Buffington Mohr McNeal acquired a new stake in SRH Total Return Fund during the fourth quarter worth approximately $171,000. Steward Partners Investment Advisory LLC grew its stake in 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. Hudson Value Partners LLC acquired a new stake in SRH Total Return Fund during the third quarter worth approximately $193,000. Absolute Investment Advisers LLC acquired a new stake in SRH Total Return Fund during the fourth quarter worth approximately $197,000. Finally, Synovus Financial Corp acquired a new stake in SRH Total Return Fund during the third quarter worth approximately $202,000. 15.61% of the stock is currently owned by institutional investors.

SRH Total Return Fund Company Profile

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.