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

Shares of Calamos Strategic Total Return Fund (NASDAQ:CSQ) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.98 and traded as high as $19.39. Calamos Strategic Total Return Fund shares last traded at $19.33, with a volume of 235,559 shares.

Calamos Strategic Total Return Fund Trading Up 0.2%

The firm’s 50-day simple moving average is $18.98 and its two-hundred day simple moving average is $18.53.

Calamos Strategic Total Return Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, December 12th will be paid a $0.1025 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend is Friday, December 12th.

Institutional Trading of Calamos Strategic Total Return Fund

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in shares of Calamos Strategic Total Return Fund by 1.0% in the 3rd quarter. Bank of America Corp DE now owns 4,783,958 shares of the investment management company’s stock worth $92,283,000 after buying an additional 48,205 shares in the last quarter. Cornerstone Advisors LLC raised its position in Calamos Strategic Total Return Fund by 53.7% during the third quarter. Cornerstone Advisors LLC now owns 2,211,013 shares of the investment management company’s stock worth $42,650,000 after acquiring an additional 772,878 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Calamos Strategic Total Return Fund by 3.5% in the second quarter. Raymond James Financial Inc. now owns 1,995,245 shares of the investment management company’s stock valued at $36,393,000 after purchasing an additional 67,576 shares in the last quarter. Royal Bank of Canada grew its position in shares of Calamos Strategic Total Return Fund by 9.8% in the first quarter. Royal Bank of Canada now owns 1,954,032 shares of the investment management company’s stock valued at $31,616,000 after purchasing an additional 174,569 shares during the last quarter. Finally, Bensler LLC increased its stake in shares of Calamos Strategic Total Return Fund by 1.3% during the 3rd quarter. Bensler LLC now owns 1,007,582 shares of the investment management company’s stock worth $19,436,000 after purchasing an additional 13,106 shares in 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.