SRH Total Return Fund (NYSE:STEW) Hits New 52-Week High – Still a Buy?

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) reached a new 52-week high during mid-day trading on Thursday. The company 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 stock’s 50-day moving average price is $18.04 and its 200 day moving average price is $17.90.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Friday, October 23rd were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, October 23rd.

Institutional Trading of SRH Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of SRH Total Return Fund by 4.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 891,672 shares of the company’s stock valued at $15,488,000 after purchasing an additional 38,300 shares during the period. Beverly Hills Private Wealth LLC lifted its holdings in SRH Total Return Fund by 16.8% during the 3rd quarter. Beverly Hills Private Wealth LLC now owns 69,330 shares of the company’s stock worth $1,204,000 after purchasing an additional 9,965 shares during the last quarter. Uhlmann Price Securities LLC grew its holdings in SRH Total Return Fund by 19.9% in the 3rd quarter. Uhlmann Price Securities LLC now owns 137,138 shares of the company’s stock valued at $2,382,000 after buying an additional 22,763 shares in the last quarter. Calamos Advisors LLC bought a new position in SRH Total Return Fund during the 3rd quarter worth $490,000. Finally, Kestra Advisory Services LLC increased its position in SRH Total Return Fund by 13.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 21,443 shares of the company’s stock worth $372,000 after buying an additional 2,461 shares during the period. 15.61% of the stock is owned by institutional investors.

SRH Total Return Fund Company Profile

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.