Calamos Strategic Total Return Fund (NASDAQ:CSQ) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $15.94 and traded as high as $16.54. Calamos Strategic Total Return Fund shares last traded at $16.48, with a volume of 147,591 shares.

Calamos Strategic Total Return Fund Price Performance

The company has a fifty day simple moving average of $15.92 and a 200-day simple moving average of $17.27.

Calamos Strategic Total Return Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 7.46%. The ex-dividend date is Tuesday, May 13th.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

A number of institutional investors have recently bought and sold shares of the stock. ORG Partners LLC increased its position in shares of Calamos Strategic Total Return Fund by 6.4% in the fourth quarter. ORG Partners LLC now owns 24,824 shares of the investment management company’s stock worth $440,000 after acquiring an additional 1,500 shares in the last quarter. Brookstone Capital Management grew its position in Calamos Strategic Total Return Fund by 28.0% during the 4th quarter. Brookstone Capital Management now owns 23,711 shares of the investment management company’s stock worth $420,000 after purchasing an additional 5,185 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new stake in Calamos Strategic Total Return Fund during the 4th quarter valued at $27,000. Atomi Financial Group Inc. lifted its holdings in shares of Calamos Strategic Total Return Fund by 5.7% in the fourth quarter. Atomi Financial Group Inc. now owns 29,408 shares of the investment management company’s stock valued at $521,000 after purchasing an additional 1,587 shares in the last quarter. Finally, PFG Investments LLC boosted its position in shares of Calamos Strategic Total Return Fund by 19.9% in the fourth quarter. PFG Investments LLC now owns 32,805 shares of the investment management company’s stock worth $581,000 after buying an additional 5,447 shares during the period.

About Calamos Strategic Total Return Fund

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.