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

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) saw unusually-high trading volume on Thursday . Approximately 112,820 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 81,322 shares.The stock last traded at $17.30 and had previously closed at $17.19.

SRH Total Return Fund Stock Up 0.7 %

The firm’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $16.21.

SRH Total Return Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders 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 dividend on an annualized basis and a yield of 3.81%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Synovus Financial Corp bought a new stake in shares of SRH Total Return Fund during the 3rd quarter worth about $202,000. Park Avenue Securities LLC raised its holdings in SRH Total Return Fund by 2.9% during the fourth quarter. Park Avenue Securities LLC now owns 82,691 shares of the company’s stock worth $1,325,000 after purchasing an additional 2,297 shares in the last quarter. Dakota Wealth Management acquired a new stake in SRH Total Return Fund in the fourth quarter worth approximately $308,000. Kingswood Wealth Advisors LLC boosted its stake in SRH Total Return Fund by 13.8% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 56,425 shares of the company’s stock valued at $904,000 after purchasing an additional 6,850 shares in the last quarter. Finally, Buffington Mohr McNeal acquired a new position in shares of SRH Total Return Fund during the 4th quarter valued at $171,000. 15.61% of the stock is owned by institutional investors and hedge funds.

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.