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

SRH Total Return Fund, Inc. (NYSE:STEW)’s share price reached a new 52-week high 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 firm has a fifty day moving average price of $15.85 and a 200 day moving average price of $15.24.

SRH Total Return Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.165 dividend. This is an increase 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%. The ex-dividend date is Friday, January 24th.

Hedge Funds Weigh In On SRH Total Return Fund

Hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. grew its position in shares of SRH Total Return Fund by 8.9% in the third quarter. Landscape Capital Management L.L.C. now owns 126,984 shares of the company’s stock valued at $2,006,000 after purchasing an additional 10,404 shares during the period. Pathstone Holdings LLC lifted its stake in shares of SRH Total Return Fund by 11.5% during the third quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company’s stock worth $18,934,000 after purchasing an additional 123,445 shares in the last quarter. Sather Financial Group Inc acquired a new position in shares of SRH Total Return Fund during the third quarter worth about $303,000. Oppenheimer & Co. Inc. lifted its stake in shares of SRH Total Return Fund by 1.1% during the third 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. Finally, Wolverine Asset Management LLC lifted its stake in shares of SRH Total Return Fund by 1.3% during the third quarter. Wolverine Asset Management LLC now owns 312,888 shares of the company’s stock worth $4,944,000 after purchasing an additional 4,008 shares in the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

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.