SRH Total Return Fund (NYSE:STEW) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) saw strong trading volume on Tuesday . 138,681 shares were traded during mid-day trading, an increase of 72% from the previous session’s volume of 80,663 shares.The stock last traded at $15.91 and had previously closed at $15.94.

SRH Total Return Fund Trading Up 0.3 %

The firm’s 50-day moving average price is $16.17 and its 200-day moving average price is $15.54.

SRH Total Return Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 4.13%. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, January 24th.

Institutional Investors Weigh In On SRH Total Return Fund

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its holdings in SRH Total Return Fund by 4.1% in the 2nd quarter. Raymond James & Associates now owns 343,602 shares of the company’s stock worth $4,999,000 after buying an additional 13,439 shares during the period. Matisse Capital boosted its position in SRH Total Return Fund by 5.9% in the 2nd quarter. Matisse Capital now owns 180,000 shares of the company’s stock worth $2,619,000 after purchasing an additional 10,000 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of SRH Total Return Fund by 66.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 44,540 shares of the company’s stock worth $648,000 after purchasing an additional 17,785 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of SRH Total Return Fund by 6.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 144,744 shares of the company’s stock valued at $2,106,000 after purchasing an additional 9,018 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of SRH Total Return Fund during the 2nd quarter valued at approximately $185,000. Institutional investors own 15.61% of the company’s stock.

About SRH Total Return Fund

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.