SRH Total Return Fund (NYSE:STEW) Sees Unusually-High Trading Volume – What’s Next?

SRH Total Return Fund, Inc. (NYSE:STEW) saw strong trading volume on Monday . 59,684 shares traded hands during trading, a decline of 37% from the previous session’s volume of 94,717 shares.The stock last traded at $16.27 and had previously closed at $16.52.

SRH Total Return Fund Price Performance

The company has a 50-day simple moving average of $16.63 and a 200 day simple moving average of $16.34.

SRH Total Return Fund Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.165 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.66 dividend on an annualized basis and a yield of 4.09%.

Institutional Trading of SRH Total Return Fund

Several institutional investors and hedge funds have recently modified their holdings of STEW. NBC Securities Inc. increased its holdings in 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 during the period. Buffington Mohr McNeal bought a new position in shares of SRH Total Return Fund during the fourth quarter valued at approximately $171,000. Steward Partners Investment Advisory LLC increased its holdings in SRH Total Return Fund by 207.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock valued at $182,000 after buying an additional 7,692 shares during the period. Absolute Investment Advisers LLC bought a new position in SRH Total Return Fund in the fourth quarter worth approximately $197,000. Finally, Synovus Financial Corp bought a new stake in SRH Total Return Fund during the 3rd quarter valued at $202,000. Institutional investors own 15.61% of the company’s stock.

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.