Calamos Global Total Return Fund (NASDAQ:CGO) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.10 and traded as high as $13.25. Calamos Global Total Return Fund shares last traded at $13.17, with a volume of 30,666 shares traded.

Calamos Global Total Return Fund Price Performance

The company’s 50 day moving average is $13.08 and its 200 day moving average is $12.86.

Calamos Global Total Return Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be paid a $0.09 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, September 14th.

Institutional Investors Weigh In On Calamos Global Total Return Fund

Several hedge funds have recently modified their holdings of CGO. Bank of America Corp DE increased its holdings in Calamos Global Total Return Fund by 2.3% in the 1st quarter. Bank of America Corp DE now owns 38,050 shares of the investment management company’s stock worth $424,000 after purchasing an additional 847 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Calamos Global Total Return Fund by 6.8% during the third quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 1,100 shares in the last quarter. Brookstone Capital Management boosted its stake in shares of Calamos Global Total Return Fund by 2.5% during the first quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock valued at $544,000 after purchasing an additional 1,177 shares in the last quarter. Prairie Wealth Advisors Inc. grew its holdings in shares of Calamos Global Total Return Fund by 1.9% during the third quarter. Prairie Wealth Advisors Inc. now owns 88,575 shares of the investment management company’s stock worth $1,066,000 after purchasing an additional 1,650 shares during the last quarter. Finally, PMG Family Office LLC grew its holdings in shares of Calamos Global Total Return Fund by 5.1% during the first quarter. PMG Family Office LLC now owns 45,698 shares of the investment management company’s stock worth $510,000 after purchasing an additional 2,230 shares during the last quarter.

Calamos Global Total Return Fund Company Profile

Calamos Global Total Return Fund, Inc (NASDAQ: CGO) is a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. The fund is managed by Calamos Advisors LLC, an affiliate of Calamos Investments, and pursues a flexible, multi‐asset strategy designed to adapt to changing market environments. Its objective is to deliver competitive risk‐adjusted returns over full market cycles by blending growth and income opportunities within a single vehicle.

The fund invests in a globally diversified portfolio of equity and debt securities, including common stocks, convertible securities and high‐yield corporate bonds.