SRH Total Return Fund (NYSE:STEW) Sees Strong Trading Volume – Here’s Why

SRH Total Return Fund, Inc. (NYSE:STEW) saw an uptick in trading volume on Thursday . 112,820 shares were traded during mid-day trading, an increase of 39% from the previous session’s volume of 81,322 shares.The stock last traded at $17.30 and had previously closed at $17.19.

SRH Total Return Fund Stock Performance

The company has a fifty day simple moving average of $16.63 and a 200-day simple moving average of $16.21.

SRH Total Return Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Trading of SRH Total Return Fund

Several large investors have recently added to or reduced their stakes in STEW. JP Wealth Management Inc. purchased a new position in shares of SRH Total Return Fund during the fourth quarter valued at $14,841,000. Shaker Financial Services LLC increased its holdings in shares of SRH Total Return Fund by 10.9% in the 4th quarter. Shaker Financial Services LLC now owns 726,726 shares of the company’s stock valued at $11,642,000 after purchasing an additional 71,517 shares during the period. CSS LLC IL lifted its position in shares of SRH Total Return Fund by 0.7% in the fourth quarter. CSS LLC IL now owns 666,055 shares of the company’s stock worth $10,670,000 after purchasing an additional 4,842 shares in the last quarter. AQR Arbitrage LLC boosted its holdings in shares of SRH Total Return Fund by 4.5% during the fourth quarter. AQR Arbitrage LLC now owns 452,370 shares of the company’s stock worth $7,238,000 after purchasing an additional 19,531 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in SRH Total Return Fund by 6.4% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 401,936 shares of the company’s stock valued at $6,439,000 after purchasing an additional 24,005 shares in the last quarter. 15.61% of the stock is owned by institutional investors and hedge funds.

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.