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

SRH Total Return Fund, Inc. (NYSE:STEW – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as $19.22 and last traded at $18.8950, with a volume of 4,500 shares. The stock had previously closed at $18.95.

SRH Total Return Fund Stock Down 1.6%

The firm has a fifty day simple moving average of $18.04 and a 200 day simple moving average of $17.90.

SRH Total Return Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were paid a $0.20 dividend. The ex-dividend date was Friday, October 23rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in SRH Total Return Fund in the 1st quarter valued at $26,000. Rockefeller Capital Management L.P. bought a new stake in SRH Total Return Fund during the 4th quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in shares of SRH Total Return Fund in the second quarter valued at approximately $115,000. Post Resch Tallon Group Inc. acquired a new stake in shares of SRH Total Return Fund in the 3rd quarter valued at $250,000. Finally, Nitor Capital Management LLC bought a new stake in SRH Total Return Fund during the 2nd quarter worth about $253,000. Institutional investors own 15.61% of the company’s stock.

About SRH Total Return Fund

(Get Free Report)

SRH Total Return Fund, Inc (NYSE: STEW) is a closed-end management investment company that seeks to provide shareholders with long-term capital appreciation and current income. The fund pursues its objective by investing in a diversified portfolio of securities, with an emphasis on publicly traded companies.

The fund may invest in common stocks, preferred stocks, convertible securities and fixed-income investments. Its portfolio can span multiple industries and may include securities issued by companies in the United States and, to a more limited extent, international markets.

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