SRH Total Return Fund (NYSE:STEW) Reaches New 1-Year High – Still a Buy?

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) reached a new 52-week high on Monday . The stock traded as high as $18.96 and last traded at $18.96, with a volume of 23283 shares traded. The stock had previously closed at $18.76.

SRH Total Return Fund Price Performance

The stock has a 50-day simple moving average of $18.03 and a 200 day simple moving average of $17.79.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 24th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, July 24th.

Insider Transactions at SRH Total Return Fund

In other news, Director Jacob E. Hemmer purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $175,300. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Institutional Trading of SRH Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. D.A. Davidson & CO. increased its holdings in shares of SRH Total Return Fund by 0.7% in the first quarter. D.A. Davidson & CO. now owns 83,645 shares of the company’s stock worth $1,430,000 after acquiring an additional 581 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of SRH Total Return Fund by 0.9% during the 3rd quarter. NewEdge Advisors LLC now owns 69,739 shares of the company’s stock valued at $1,266,000 after purchasing an additional 616 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of SRH Total Return Fund by 5.9% during the 4th quarter. Kestra Advisory Services LLC now owns 18,560 shares of the company’s stock valued at $344,000 after purchasing an additional 1,035 shares in the last quarter. Kingswood Wealth Advisors LLC grew its position in shares of SRH Total Return Fund by 1.4% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 79,475 shares of the company’s stock valued at $1,473,000 after purchasing an additional 1,100 shares during the period. Finally, Bank of America Corp DE grew its position in shares of SRH Total Return Fund by 0.5% in the 1st quarter. Bank of America Corp DE now owns 278,867 shares of the company’s stock valued at $4,769,000 after purchasing an additional 1,320 shares during the period. 15.61% of the stock is owned by institutional investors.

SRH Total Return Fund Company Profile

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.