Calamos Strategic Total Return Fund (NASDAQ:CSQ) Shares Cross Above 50 Day Moving Average – Here’s Why

Shares of Calamos Strategic Total Return Fund (NASDAQ:CSQ) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $18.08 and traded as high as $18.32. Calamos Strategic Total Return Fund shares last traded at $18.32, with a volume of 138,505 shares traded.

Calamos Strategic Total Return Fund Price Performance

The stock has a 50 day moving average of $18.08 and a 200 day moving average of $17.53.

Calamos Strategic Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, February 13th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.23 annualized dividend and a dividend yield of 6.71%.

Insider Buying and Selling

In related news, CFO Thomas E. Herman bought 11,683 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $18.23 per share, with a total value of $212,981.09. Following the transaction, the chief financial officer now owns 11,683 shares in the company, valued at approximately $212,981.09. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its position in shares of Calamos Strategic Total Return Fund by 5.2% during the 4th quarter. Wells Fargo & Company MN now owns 3,147,864 shares of the investment management company’s stock valued at $55,749,000 after buying an additional 155,114 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Calamos Strategic Total Return Fund during the 4th quarter worth $37,807,000. Cornerstone Advisors LLC grew its position in shares of Calamos Strategic Total Return Fund by 14.7% during the 4th quarter. Cornerstone Advisors LLC now owns 1,148,174 shares of the investment management company’s stock worth $20,334,000 after buying an additional 146,770 shares in the last quarter. Bensler LLC boosted its position in Calamos Strategic Total Return Fund by 1.9% during the fourth quarter. Bensler LLC now owns 964,340 shares of the investment management company’s stock valued at $17,078,000 after purchasing an additional 17,966 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Calamos Strategic Total Return Fund by 2.6% during the fourth quarter. LPL Financial LLC now owns 911,027 shares of the investment management company’s stock valued at $16,134,000 after purchasing an additional 23,367 shares in the last quarter.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.