SRH Total Return Fund (NYSE:STEW) Sees Large Volume Increase – What’s Next?

SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-high trading volume on Thursday . Approximately 253,090 shares traded hands during mid-day trading, an increase of 195% from the previous session’s volume of 85,905 shares.The stock last traded at $16.82 and had previously closed at $17.34.

SRH Total Return Fund Stock Performance

The business’s 50 day moving average price is $16.69 and its 200 day moving average price is $16.28.

SRH Total Return Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.66 annualized dividend and a yield of 4.18%.

Institutional Investors Weigh In On SRH Total Return Fund

Hedge funds have recently modified their holdings of the company. Buffington Mohr McNeal purchased a new position in shares of SRH Total Return Fund in the 4th quarter valued at about $171,000. Steward Partners Investment Advisory LLC increased its position in shares of SRH Total Return Fund by 207.9% in 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 in the last quarter. Absolute Investment Advisers LLC acquired a new position in shares of SRH Total Return Fund during the 4th quarter worth approximately $197,000. Synovus Financial Corp purchased a new position in shares of SRH Total Return Fund during the 3rd quarter valued at approximately $202,000. Finally, PNC Financial Services Group Inc. grew its stake in SRH Total Return Fund by 110.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,475 shares of the company’s stock valued at $216,000 after acquiring an additional 7,065 shares during the period. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.