Calamos Global Total Return Fund (NASDAQ:CGO) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.35 and traded as high as $10.49. Calamos Global Total Return Fund shares last traded at $10.44, with a volume of 11,543 shares trading hands.

Calamos Global Total Return Fund Stock Performance

The firm’s 50 day moving average is $10.31 and its 200 day moving average is $11.20.

Calamos Global Total Return Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 21st. Stockholders of record on Friday, April 11th were given a $0.08 dividend. The ex-dividend date was Friday, April 11th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.04%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Calamos Global Total Return Fund in the fourth quarter worth $38,000. NBC Securities Inc. increased its stake in Calamos Global Total Return Fund by 113,000.0% during the 1st quarter. NBC Securities Inc. now owns 4,524 shares of the investment management company’s stock valued at $46,000 after purchasing an additional 4,520 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Calamos Global Total Return Fund in the fourth quarter worth approximately $298,000. Prairie Wealth Advisors Inc. grew its holdings in shares of Calamos Global Total Return Fund by 9.4% during the fourth quarter. Prairie Wealth Advisors Inc. now owns 78,175 shares of the investment management company’s stock valued at $897,000 after buying an additional 6,700 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Calamos Global Total Return Fund by 2.4% in the 4th quarter. Invesco Ltd. now owns 88,223 shares of the investment management company’s stock worth $1,005,000 after acquiring an additional 2,085 shares during the last quarter.

Calamos Global Total Return Fund Company Profile

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