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

SRH Total Return Fund, Inc. (NYSE:STEW) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $18.96 and last traded at $18.96, with a volume of 23283 shares trading hands. The stock had previously closed at $18.76.

SRH Total Return Fund Stock Performance

The firm’s 50-day moving average price is $18.09 and its 200 day moving average price is $17.80.

SRH Total Return Fund Dividend Announcement

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

Insider Buying and Selling

In other SRH Total Return Fund news, Director Jacob E. Hemmer bought 5,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was bought at an average price of $17.53 per share, for a total transaction of $87,650.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $175,300. The trade was a 100.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in SRH Total Return Fund in the first quarter valued at about $26,000. Rockefeller Capital Management L.P. acquired a new position in SRH Total Return Fund in the fourth quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in SRH Total Return Fund during the second quarter worth about $115,000. Northwestern Mutual Wealth Management Co. boosted its holdings in SRH Total Return Fund by 22.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,639 shares of the company’s stock worth $170,000 after buying an additional 1,775 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of SRH Total Return Fund during the 2nd quarter worth about $191,000. 15.61% of the stock is currently owned by institutional investors.

About SRH Total Return Fund

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.