SRH Total Return Fund (NYSE:STEW) Sees Strong Trading Volume - Here's Why

SRH Total Return Fund, Inc. (NYSE:STEW - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 138,681 shares traded hands 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 Stock Up 0.3 %

The business's fifty day simple moving average is $16.16 and its 200 day simple moving average is $15.53.

SRH Total Return Fund Increases Dividend

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

Hedge Funds Weigh In On SRH Total Return Fund

Large investors have recently added to or reduced their stakes in the business. Pathstone Holdings LLC grew its stake in shares of SRH Total Return Fund by 11.5% in the 3rd quarter. Pathstone Holdings LLC now owns 1,197,409 shares of the company's stock worth $18,934,000 after acquiring an additional 123,445 shares in the last quarter. Shaker Financial Services LLC increased its stake in SRH Total Return Fund by 3.0% in the 3rd quarter. Shaker Financial Services LLC now owns 655,209 shares of the company's stock valued at $10,352,000 after buying an additional 19,227 shares during the last quarter. Raymond James & Associates boosted its stake in shares of 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 last quarter. Wolverine Asset Management LLC grew its holdings in shares of SRH Total Return Fund by 1.3% in the third quarter. Wolverine Asset Management LLC now owns 312,888 shares of the company's stock valued at $4,944,000 after acquiring an additional 4,008 shares in the last quarter. Finally, Rocky Mountain Advisers LLC lifted its holdings in SRH Total Return Fund by 0.4% during the third quarter. Rocky Mountain Advisers LLC now owns 191,446 shares of the company's stock worth $3,025,000 after acquiring an additional 802 shares during the period. 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.