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

Calamos Strategic Total Return Fund (NASDAQ:CSQ)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.55 and traded as high as $20.82. Calamos Strategic Total Return Fund shares last traded at $20.73, with a volume of 152,923 shares trading hands.

Calamos Strategic Total Return Fund Stock Performance

The firm’s 50 day moving average is $20.56 and its two-hundred day moving average is $19.66.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, September 21st. Investors of record on Monday, September 14th will be paid a $0.135 dividend. The ex-dividend date of this dividend is Monday, September 14th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of Calamos Strategic Total Return Fund by 162.1% in the first quarter. Assetmark Inc. now owns 1,683 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 1,041 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 682.2% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 2,112 shares of the investment management company’s stock worth $36,000 after purchasing an additional 1,842 shares during the period. Arax Advisory Partners increased its holdings in shares of Calamos Strategic Total Return Fund by 1,613.0% during the fourth quarter. Arax Advisory Partners now owns 3,152 shares of the investment management company’s stock worth $61,000 after purchasing an additional 2,968 shares during the period. Parallel Advisors LLC raised its position in shares of Calamos Strategic Total Return Fund by 13.0% in the third quarter. Parallel Advisors LLC now owns 5,874 shares of the investment management company’s stock valued at $113,000 after buying an additional 678 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 during the period.

About Calamos Strategic Total Return Fund

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.