SRH Total Return Fund (NYSE:STEW) Reaches New 52-Week High – Here’s What Happened

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

SRH Total Return Fund Stock Up 0.5%

The business has a 50 day simple moving average of $17.91 and a 200-day simple moving average of $17.77.

SRH Total Return Fund Announces Dividend

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

Insider Buying and Selling at SRH Total Return Fund

In other SRH Total Return Fund news, Director Jacob E. Hemmer acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost 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 $175,300. This trade represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Institutional Trading of SRH Total Return Fund

Several hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new position in SRH Total Return Fund in the first quarter valued at approximately $26,000. Rockefeller Capital Management L.P. acquired a new position in shares of SRH Total Return Fund in the fourth quarter valued at approximately $32,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SRH Total Return Fund by 1,000.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,200 shares of the company’s stock worth $41,000 after acquiring an additional 2,000 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of SRH Total Return Fund by 38.3% during the fourth quarter. Global Retirement Partners LLC now owns 8,005 shares of the company’s stock worth $148,000 after acquiring an additional 2,218 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 acquiring an additional 1,775 shares during the period. 15.61% of the stock is currently owned by institutional investors and hedge funds.

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.