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) crossed 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.

Calamos Strategic Total Return Fund Stock Performance

The stock has a 50 day moving average price of $18.08 and a two-hundred day moving average price of $17.55.

Calamos Strategic Total Return Fund Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Thomas E. Herman acquired 11,683 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of $18.23 per share, for a total transaction of $212,981.09. Following the purchase, the chief financial officer now directly owns 11,683 shares in the company, valued at approximately $212,981.09. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp bought a new position in Calamos Strategic Total Return Fund during the 4th quarter worth $212,000. Stifel Financial Corp boosted its holdings in shares of Calamos Strategic Total Return Fund by 12.7% in the 4th quarter. Stifel Financial Corp now owns 281,872 shares of the investment management company’s stock valued at $4,992,000 after purchasing an additional 31,870 shares in the last quarter. Shaker Financial Services LLC boosted its holdings in shares of Calamos Strategic Total Return Fund by 7.1% in the 4th quarter. Shaker Financial Services LLC now owns 360,621 shares of the investment management company’s stock valued at $6,424,000 after purchasing an additional 23,879 shares in the last quarter. Guggenheim Capital LLC boosted its holdings in shares of Calamos Strategic Total Return Fund by 1.2% in the 4th quarter. Guggenheim Capital LLC now owns 390,663 shares of the investment management company’s stock valued at $6,919,000 after purchasing an additional 4,609 shares in the last quarter. Finally, Mariner LLC boosted its holdings in shares of Calamos Strategic Total Return Fund by 1.4% in the 4th quarter. Mariner LLC now owns 100,471 shares of the investment management company’s stock valued at $1,779,000 after purchasing an additional 1,401 shares in the last quarter.

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.