Calamos Strategic Total Return Fund (NASDAQ:CSQ) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $19.77 and traded as low as $19.38. Calamos Strategic Total Return Fund shares last traded at $19.57, with a volume of 277,502 shares traded.

Calamos Strategic Total Return Fund Stock Performance

The firm has a 50-day moving average of $20.49 and a 200-day moving average of $19.77.

Calamos Strategic Total Return Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 14th were issued a dividend of $0.1350 per share. This represents a $1.62 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend was Wednesday, October 14th.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

Several hedge funds have recently modified their holdings of CSQ. Bank of America Corp DE lifted its position in shares of Calamos Strategic Total Return Fund by 1.8% in the first quarter. Bank of America Corp DE now owns 4,857,535 shares of the investment management company’s stock worth $83,161,000 after buying an additional 84,345 shares in the last quarter. Royal Bank of Canada boosted its stake in Calamos Strategic Total Return Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 2,118,216 shares of the investment management company’s stock valued at $36,264,000 after buying an additional 91,551 shares during the last quarter. Cetera Investment Advisers grew its holdings in Calamos Strategic Total Return Fund by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 782,626 shares of the investment management company’s stock valued at $13,399,000 after buying an additional 27,839 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Calamos Strategic Total Return Fund by 4.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 221,042 shares of the investment management company’s stock valued at $3,784,000 after buying an additional 9,110 shares in the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in Calamos Strategic Total Return Fund during the 1st quarter valued at approximately $2,953,000.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed-end investment company listed on Nasdaq under the symbol CSQ. The fund seeks to provide total return through a combination of current income and capital appreciation.

The fund invests in a diversified portfolio that may include convertible securities, high-yield corporate bonds and common stocks. Its portfolio can include securities issued by companies in the United States and other countries, giving it exposure to multiple industries and geographic markets.

Calamos Strategic Total Return Fund is managed by Calamos Advisors LLC, an investment-management firm founded by John P.