SRH Total Return Fund (NYSE:STEW) Sees Unusually-High Trading Volume – Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-strong trading volume on Friday . Approximately 71,229 shares traded hands during trading, a decline of 2% from the previous session’s volume of 72,513 shares.The stock last traded at $16.65 and had previously closed at $16.58.

SRH Total Return Fund Stock Performance

The business has a 50-day moving average price of $16.30 and a 200-day moving average price of $15.83.

SRH Total Return Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be paid a dividend of $0.165 per share. This is a positive change from SRH Total Return Fund’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On SRH Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Buffington Mohr McNeal acquired a new stake in shares of SRH Total Return Fund in the fourth quarter valued at approximately $171,000. Hudson Value Partners LLC purchased a new stake in SRH Total Return Fund in the 3rd quarter valued at $193,000. Absolute Investment Advisers LLC acquired a new stake in shares of SRH Total Return Fund in the 4th quarter worth $197,000. Synovus Financial Corp purchased a new position in shares of SRH Total Return Fund during the 3rd quarter worth $202,000. Finally, Calamos Advisors LLC acquired a new position in shares of SRH Total Return Fund during the 4th quarter valued at about $272,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

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.