SRH Total Return Fund (NYSE:STEW) Hits New 12-Month High – Still a Buy?

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $18.81 and last traded at $18.7050, with a volume of 3288 shares traded. The stock had previously closed at $18.53.

SRH Total Return Fund Stock Performance

The firm has a 50-day simple moving average of $17.95 and a 200 day simple moving average of $17.78.

SRH Total Return Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 24th were given a dividend of $0.20 per share. The ex-dividend date was Friday, July 24th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.3%.

Insider Activity at SRH Total Return Fund

In other SRH Total Return Fund news, Director Jacob E. Hemmer purchased 5,000 shares of SRH Total Return Fund stock in a transaction that occurred on Thursday, May 21st. The stock was purchased at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $175,300. This trade represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Bulldog Investors LLP raised its holdings in shares of SRH Total Return Fund by 3.5% in the first quarter. Bulldog Investors LLP now owns 1,287,582 shares of the company’s stock valued at $22,018,000 after buying an additional 43,759 shares during the last quarter. 1607 Capital Partners LLC grew its holdings in shares of SRH Total Return Fund by 8.1% during the fourth quarter. 1607 Capital Partners LLC now owns 865,815 shares of the company’s stock worth $16,052,000 after buying an additional 64,950 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in SRH Total Return Fund by 9.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 721,643 shares of the company’s stock valued at $12,340,000 after acquiring an additional 63,439 shares during the period. LPL Financial LLC increased its position in SRH Total Return Fund by 44.0% in the 4th quarter. LPL Financial LLC now owns 393,713 shares of the company’s stock valued at $7,299,000 after acquiring an additional 120,366 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. raised its stake in SRH Total Return Fund by 1.7% during the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 382,005 shares of the company’s stock valued at $7,082,000 after acquiring an additional 6,551 shares during the last quarter. 15.61% of the stock is owned by hedge funds and other institutional investors.

SRH Total Return Fund Company Profile

SRH Total Return Fund (NYSE: STEW) is a diversified closed-end management investment company seeking high total return through a combination of income and capital appreciation. The fund pursues its objective by investing primarily in income-producing securities such as corporate bonds, convertible securities, preferred stocks and dividend-paying common stocks.

Portfolio managers employ active credit analysis and duration management to navigate changing market conditions and capture yield opportunities across both investment-grade and high-yield segments.