SRH Total Return Fund (NYSE:STEW) Sets New 12-Month High – Should You Buy?

SRH Total Return Fund, Inc. (NYSE:STEW)’s stock price hit a new 52-week high on Friday . The stock traded as high as $16.99 and last traded at $16.94, with a volume of 519 shares trading hands. The stock had previously closed at $16.86.

SRH Total Return Fund Trading Up 0.1 %

The business’s 50 day moving average price is $16.32 and its 200-day moving average price is $15.95.

Hedge Funds Weigh In On SRH Total Return Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in STEW. Buffington Mohr McNeal purchased a new stake in shares of SRH Total Return Fund in the fourth quarter valued at approximately $171,000. Steward Partners Investment Advisory LLC lifted its holdings in SRH Total Return Fund by 207.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,392 shares of the company’s stock valued at $182,000 after acquiring an additional 7,692 shares during the period. Hudson Value Partners LLC acquired a new stake in SRH Total Return Fund in the third quarter valued at $193,000. Absolute Investment Advisers LLC purchased a new stake in shares of SRH Total Return Fund during the 4th quarter worth $197,000. Finally, Synovus Financial Corp acquired a new position in shares of SRH Total Return Fund during the 3rd quarter worth $202,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

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.