Calamos Strategic Total Return Fund (NASDAQ:CSQ) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.67 and traded as high as $17.64. Calamos Strategic Total Return Fund shares last traded at $17.33, with a volume of 288,125 shares changing hands.

Calamos Strategic Total Return Fund Price Performance

The business’s 50-day simple moving average is $16.67 and its two-hundred day simple moving average is $17.13.

Calamos Strategic Total Return Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, June 20th. Shareholders of record on Thursday, June 12th were given a $0.1025 dividend. The ex-dividend date was Thursday, June 12th. This represents a $1.23 dividend on an annualized basis and a yield of 7.10%.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in shares of Calamos Strategic Total Return Fund by 2.8% during the fourth quarter. Advisors Asset Management Inc. now owns 498,330 shares of the investment management company’s stock worth $8,825,000 after purchasing an additional 13,441 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Calamos Strategic Total Return Fund by 0.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 92,710 shares of the investment management company’s stock worth $1,642,000 after purchasing an additional 865 shares during the last quarter. Essential Planning LLC. bought a new position in shares of Calamos Strategic Total Return Fund during the fourth quarter worth about $916,000. Raymond James Financial Inc. bought a new position in shares of Calamos Strategic Total Return Fund during the fourth quarter worth about $37,807,000. Finally, Founders Financial Alliance LLC lifted its position in shares of Calamos Strategic Total Return Fund by 8.9% during the fourth quarter. Founders Financial Alliance LLC now owns 13,719 shares of the investment management company’s stock worth $243,000 after purchasing an additional 1,117 shares during the last quarter.

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.