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

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) saw an uptick in trading volume on Friday . 72,381 shares traded hands during trading, a decline of 2% from the previous session’s volume of 74,177 shares.The stock last traded at $18.3650 and had previously closed at $18.54.

SRH Total Return Fund Stock Down 0.9%

The stock’s 50 day moving average is $18.03 and its 200-day moving average is $17.95.

SRH Total Return Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 23rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, January 23rd. This is a boost from SRH Total Return Fund’s previous quarterly dividend of $0.17.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors have recently added to or reduced their stakes in STEW. JP Wealth Management Inc. lifted its position in SRH Total Return Fund by 32.8% during the second quarter. JP Wealth Management Inc. now owns 1,286,433 shares of the company’s stock valued at $22,744,000 after buying an additional 317,988 shares during the period. 1607 Capital Partners LLC lifted its position in SRH Total Return Fund by 3.5% during the 3rd quarter. 1607 Capital Partners LLC now owns 800,865 shares of the company’s stock valued at $14,544,000 after acquiring an additional 27,290 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in SRH Total Return Fund by 8.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 661,687 shares of the company’s stock worth $12,016,000 after acquiring an additional 48,738 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in SRH Total Return Fund by 0.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 404,260 shares of the company’s stock worth $7,341,000 after purchasing an additional 2,392 shares during the period. Finally, Thomas J. Herzfeld Advisors Inc. grew its holdings in SRH Total Return Fund by 90,128.8% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 325,726 shares of the company’s stock worth $5,759,000 after purchasing an additional 325,365 shares during the period. Institutional investors own 15.61% of the company’s stock.

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.