SRH Total Return Fund (NYSE:STEW) Sees Large Volume Increase – Time to Buy?

SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-high trading volume on Friday . Approximately 71,229 shares changed hands during mid-day 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 firm’s 50 day moving average is $16.30 and its two-hundred day moving average is $15.83.

SRH Total Return Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.98%. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On SRH Total Return Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JP Wealth Management Inc. purchased a new position in SRH Total Return Fund during the 4th quarter worth $14,841,000. Sanctuary Advisors LLC purchased a new position in shares of SRH Total Return Fund during the second quarter worth about $2,369,000. Consolidated Portfolio Review Corp acquired a new position in SRH Total Return Fund in the 4th quarter valued at about $2,277,000. Pathstone Holdings LLC raised its stake in SRH Total Return Fund by 11.5% during the 3rd quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company’s stock valued at $18,934,000 after acquiring an additional 123,445 shares during the last quarter. Finally, Heritage Wealth Management Inc. acquired a new stake in SRH Total Return Fund during the 2nd quarter worth approximately $462,000. 15.61% of the stock is currently owned by institutional investors and hedge funds.

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.