67,508 Shares of Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 67,508 shares of the company’s stock, valued at approximately $848,000.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.5% during the first quarter. Private Advisor Group LLC now owns 62,150 shares of the company’s stock valued at $843,000 after buying an additional 1,500 shares during the period. Stephens Inc. AR grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 2.9% during the first quarter. Stephens Inc. AR now owns 63,890 shares of the company’s stock valued at $867,000 after buying an additional 1,775 shares during the last quarter. Rivernorth Capital Management LLC grew its stake in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the second quarter. Rivernorth Capital Management LLC now owns 465,879 shares of the company’s stock valued at $6,094,000 after buying an additional 3,368 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 8.2% in the third quarter. Brookstone Capital Management now owns 47,428 shares of the company’s stock worth $596,000 after buying an additional 3,597 shares during the period. Finally, Sovran Advisors LLC raised its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 31.3% in the first quarter. Sovran Advisors LLC now owns 16,577 shares of the company’s stock worth $226,000 after buying an additional 3,956 shares during the period.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

Shares of CPZ stock opened at $12.61 on Friday. Calamos Long/Short Equity & Dynamic Income Term Trust has a 52-week low of $12.27 and a 52-week high of $15.34. The stock has a 50 day moving average price of $12.72 and a 200 day moving average price of $13.46.

Calamos Long/Short Equity & Dynamic Income Term Trust Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 13th will be given a $0.14 dividend. This represents a $1.68 annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Friday, November 13th.

Calamos Long/Short Equity & Dynamic Income Term Trust Company Profile

Calamos Long/Short Equity & Dynamic Income Term Trust is a closed-end investment fund that seeks total return through a combination of current income and capital appreciation. It uses a long/short strategy, holding investments it believes may appreciate while also taking short positions in securities it expects may decline.

The fund invests in equity and income-producing securities, which may include stocks and fixed-income investments. Its portfolio can include U.S. and non-U.S. issuers, and its approach combines equity exposure with investments intended to generate income.

Calamos Advisors LLC, an investment adviser affiliated with Calamos Investments, manages the trust.