SRH Total Return Fund (NYSE:STEW) Trading 0.2% Higher – Still a Buy?

Shares of SRH Total Return Fund, Inc. (NYSE:STEW) rose 0.2% on Monday . The company traded as high as $18.09 and last traded at $18.05. Approximately 63,035 shares changed hands during mid-day trading, an increase of 23% from the average daily volume of 51,235 shares. The stock had previously closed at $18.02.

SRH Total Return Fund Stock Down 0.6%

The firm has a fifty day moving average price of $18.41 and a 200 day moving average price of $17.89.

SRH Total Return Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of STEW. Northwestern Mutual Wealth Management Co. increased its stake in shares of SRH Total Return Fund by 50.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,885 shares of the company’s stock worth $338,000 after purchasing an additional 6,335 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of SRH Total Return Fund in the 2nd quarter valued at about $2,002,000. Almitas Capital LLC acquired a new stake in SRH Total Return Fund in the 2nd quarter valued at about $2,395,000. Bank of America Corp DE bought a new position in SRH Total Return Fund during the second quarter worth about $5,124,000. Finally, Ancora Advisors LLC bought a new position in SRH Total Return Fund during the second quarter worth about $277,000. Institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

SRH Total Return Fund, Inc (NYSE: STEW) is a diversified closed-end investment company. Rather than operating a conventional business, the fund invests in a portfolio of publicly traded securities with the objective of providing shareholders with long-term total return through a combination of capital appreciation and investment income.

The fund primarily invests in equity securities of companies across a range of industries and may also hold other investments, including fixed-income securities.