Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Stock Price Up 0.3% – Time to Buy?

Shares of Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) were up 0.3% during trading on Thursday . The stock traded as high as $29.79 and last traded at $29.73. Approximately 5,668 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 26,669 shares. The stock had previously closed at $29.64.

Calamos Nasdaq Equity & Income ETF Stock Performance

The business’s fifty day moving average price is $30.04 and its two-hundred day moving average price is $29.82.

Calamos Nasdaq Equity & Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 23rd were given a $0.1571 dividend. This is an increase from Calamos Nasdaq Equity & Income ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Brookwood Investment Group LLC raised its stake in shares of Calamos Nasdaq Equity & Income ETF by 25.8% in the 4th quarter. Brookwood Investment Group LLC now owns 14,856 shares of the company’s stock valued at $442,000 after acquiring an additional 3,044 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Calamos Nasdaq Equity & Income ETF during the fourth quarter valued at approximately $270,000. IFP Advisors Inc raised its position in shares of Calamos Nasdaq Equity & Income ETF by 17.1% in the third quarter. IFP Advisors Inc now owns 22,608 shares of the company’s stock valued at $681,000 after purchasing an additional 3,300 shares during the period. Prosperity Wealth Management Inc. lifted its stake in shares of Calamos Nasdaq Equity & Income ETF by 14.2% in the third quarter. Prosperity Wealth Management Inc. now owns 10,119 shares of the company’s stock worth $305,000 after buying an additional 1,256 shares during the last quarter. Finally, Mutual Advisors LLC acquired a new stake in shares of Calamos Nasdaq Equity & Income ETF in the third quarter worth $9,029,000.

About Calamos Nasdaq Equity & Income ETF

The Calamos Alternative Nasdaq & Bond ETF (CANQ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide convertible security-like exposure to the NASDAQ-100 Index. The portfolio contains a mix of equity options and fixed income exposure to pursue favorable risk-adjusted returns CANQ was launched on Feb 13, 2024 and is issued by Calamos.