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

Calamos Strategic Total Return Fund (NASDAQ:CSQ – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.63 and traded as high as $20.97. Calamos Strategic Total Return Fund shares last traded at $20.85, with a volume of 182,917 shares changing hands.

Calamos Strategic Total Return Fund Price Performance

The stock has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $19.75.

Get Calamos Strategic Total Return Fund alerts:

Calamos Strategic Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its position in shares of Calamos Strategic Total Return Fund by 8.6% during the first quarter. NewEdge Advisors LLC now owns 63,650 shares of the investment management company’s stock worth $1,030,000 after purchasing an additional 5,059 shares during the period. Jane Street Group LLC acquired a new stake in Calamos Strategic Total Return Fund during the 1st quarter worth approximately $213,000. Creative Planning acquired a new stake in Calamos Strategic Total Return Fund during the 2nd quarter worth approximately $187,000. Northwestern Mutual Wealth Management Co. lifted its stake in Calamos Strategic Total Return Fund by 101.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,324 shares of the investment management company’s stock valued at $115,000 after buying an additional 3,184 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Calamos Strategic Total Return Fund by 8.3% in the second quarter. Invesco Ltd. now owns 107,541 shares of the investment management company’s stock valued at $1,962,000 after buying an additional 8,232 shares during the period.

Calamos Strategic Total Return Fund Company Profile

(Get Free Report)

Calamos Strategic Total Return Fund (NASDAQ: CSQ) is a diversified, closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

To pursue its objective, CSQ invests in a portfolio of equity securities, convertible securities and fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate debt, as well as securities issued by companies across a range of industries and market sectors.

Further Reading

• Five stocks we like better than Calamos Strategic Total Return Fund
• Block Makes a Federal Trust Bank Move That Could Reshape Its Fintech Model
• Kroger’s Textbook Entry for Buy-and-Hold Investors
• AST SpaceMobile Looks to Extend Its 30-Day FCC Satellite Testing Window
• Amgen Drops 10% on a Trial It Didn’t Even Run

Receive News & Ratings for Calamos Strategic Total Return Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calamos Strategic Total Return Fund and related companies with MarketBeat.com's FREE daily email newsletter.