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

Calamos Strategic Total Return Fund (NASDAQ:CSQ)’s share price 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 changing hands.

Calamos Strategic Total Return Fund Stock Up 0.3 %

The business has a fifty day moving average price of $18.08 and a 200 day moving average price of $17.55.

Calamos Strategic Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 13th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.23 dividend on an annualized basis and a dividend yield of 6.69%.

Insider Activity

In related news, CFO Thomas E. Herman bought 11,683 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were acquired at an average price of $18.23 per share, for a total transaction of $212,981.09. Following the completion of the acquisition, the chief financial officer now owns 11,683 shares of the company’s stock, valued at approximately $212,981.09. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of Calamos Strategic Total Return Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB bought a new stake in Calamos Strategic Total Return Fund during the fourth quarter worth about $27,000. Truvestments Capital LLC bought a new stake in Calamos Strategic Total Return Fund during the third quarter worth about $41,000. Larson Financial Group LLC raised its holdings in Calamos Strategic Total Return Fund by 233.3% during the third quarter. Larson Financial Group LLC now owns 8,000 shares of the investment management company’s stock worth $139,000 after acquiring an additional 5,600 shares in the last quarter. US Bancorp DE raised its holdings in Calamos Strategic Total Return Fund by 317.2% during the third quarter. US Bancorp DE now owns 9,425 shares of the investment management company’s stock worth $164,000 after acquiring an additional 7,166 shares in the last quarter. Finally, Confluence Wealth Services Inc. bought a new stake in Calamos Strategic Total Return Fund during the fourth quarter worth about $191,000.

Calamos Strategic Total Return Fund Company Profile

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.