SRH Total Return Fund (NYSE:STEW) Stock Price Down 0.7% – Should You Sell?

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

SRH Total Return Fund Trading Down 0.7%

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

SRH Total Return Fund Increases Dividend

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

Institutional Investors Weigh In On SRH Total Return Fund

Several large investors have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of SRH Total Return Fund during the second quarter worth $7,105,000. Thomas J. Herzfeld Advisors Inc. raised its position in SRH Total Return Fund by 90,128.8% during the 2nd quarter. Thomas J. Herzfeld Advisors Inc. now owns 325,726 shares of the company’s stock worth $5,759,000 after buying an additional 325,365 shares during the last quarter. JP Wealth Management Inc. raised its position in SRH Total Return Fund by 32.8% during the 2nd quarter. JP Wealth Management Inc. now owns 1,286,433 shares of the company’s stock worth $22,744,000 after buying an additional 317,988 shares during the last quarter. IFG Advisory LLC acquired a new stake in shares of SRH Total Return Fund in the 2nd quarter worth $2,854,000. Finally, Shaker Financial Services LLC boosted its holdings in shares of SRH Total Return Fund by 201.1% in the third quarter. Shaker Financial Services LLC now owns 208,391 shares of the company’s stock valued at $3,784,000 after acquiring an additional 139,175 shares in the last quarter. Hedge funds and other institutional investors own 15.61% of the company’s stock.

SRH Total Return Fund Company Profile

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.