Calamos Global Total Return Fund (NASDAQ:CGO) Shares Cross Above 50 Day Moving Average – What’s Next?

Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.14 and traded as high as $13.15. Calamos Global Total Return Fund shares last traded at $13.01, with a volume of 13,021 shares changing hands.

Calamos Global Total Return Fund Trading Up 0.8%

The stock’s fifty day moving average price is $13.13 and its 200 day moving average price is $12.82.

Calamos Global Total Return Fund Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its stake 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 lifted its stake in shares of Calamos Global Total Return Fund by 6.8% during the 3rd quarter. NewEdge Advisors LLC now owns 17,300 shares of the investment management company’s stock worth $208,000 after acquiring an additional 1,100 shares during the last quarter. Brookstone Capital Management increased its stake in Calamos Global Total Return Fund by 2.5% in the 1st quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock worth $544,000 after buying an additional 1,177 shares during the period. Prairie Wealth Advisors Inc. increased its holdings in Calamos Global Total Return Fund by 1.9% during the 3rd 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 period. Finally, PMG Family Office LLC lifted its stake in Calamos Global Total Return Fund by 5.1% in the first quarter. PMG Family Office LLC now owns 45,698 shares of the investment management company’s stock worth $510,000 after acquiring an additional 2,230 shares during the period.

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.