SRH Total Return Fund (NYSE:STEW) Stock Price Down 0.7% – Here’s Why

SRH Total Return Fund, Inc. (NYSE:STEW) shares dropped 0.7% during mid-day trading on Wednesday . The stock traded as low as $17.55 and last traded at $17.56. Approximately 159,131 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 109,478 shares. The stock had previously closed at $17.68.

SRH Total Return Fund Stock Performance

The stock’s 50 day moving average is $18.20 and its two-hundred day moving average is $18.03.

SRH Total Return Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, January 23rd. This is an increase from SRH Total Return Fund’s previous quarterly dividend of $0.17. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.6%.

Hedge Funds Weigh In On SRH Total Return Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new position in SRH Total Return Fund during the second quarter worth approximately $7,105,000. Thomas J. Herzfeld Advisors Inc. grew its position in shares of SRH Total Return Fund by 90,128.8% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 325,726 shares of the company’s stock worth $5,759,000 after acquiring an additional 325,365 shares during the last quarter. JP Wealth Management Inc. increased its holdings in shares of SRH Total Return Fund by 32.8% in the 2nd quarter. JP Wealth Management Inc. now owns 1,286,433 shares of the company’s stock valued at $22,744,000 after acquiring an additional 317,988 shares during the period. IFG Advisory LLC acquired a new position in shares of SRH Total Return Fund in the 2nd quarter valued at $2,854,000. Finally, Shaker Financial Services LLC raised its position in SRH Total Return Fund by 201.1% in the 3rd quarter. Shaker Financial Services LLC now owns 208,391 shares of the company’s stock valued at $3,784,000 after purchasing an additional 139,175 shares during the last quarter. 15.61% of the stock is 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.