SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – Here’s Why

SRH Total Return Fund, Inc. (NYSE:STEW) hit a new 52-week high during trading on Monday . The company traded as high as $18.67 and last traded at $18.43, with a volume of 65555 shares. The stock had previously closed at $18.57.

SRH Total Return Fund Stock Performance

The company has a fifty day moving average price of $17.88 and a 200-day moving average price of $17.30.

SRH Total Return Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, October 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Total Investment Management Inc. acquired a new stake in SRH Total Return Fund in the 2nd quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in SRH Total Return Fund by 142.9% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,700 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Costello Asset Management INC acquired a new stake in SRH Total Return Fund in the 1st quarter valued at approximately $154,000. NBC Securities Inc. grew its holdings in shares of SRH Total Return Fund by 105,800.0% during the 1st quarter. NBC Securities Inc. now owns 9,531 shares of the company’s stock worth $164,000 after purchasing an additional 9,522 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of SRH Total Return Fund by 22.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after purchasing an additional 1,775 shares in the last quarter. 15.61% of the stock is owned by 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.