Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Trading Down 0.4% – Should You Sell?

Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ)’s share price traded down 0.4% on Monday . The stock traded as low as $29.35 and last traded at $29.35. 170 shares were traded during mid-day trading, a decline of 99% from the average session volume of 14,685 shares. The stock had previously closed at $29.47.

Calamos Nasdaq Equity & Income ETF Trading Down 0.4%

The stock’s fifty day moving average price is $29.71 and its 200-day moving average price is $29.95.

Calamos Nasdaq Equity & Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.1113 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Trading of Calamos Nasdaq Equity & Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. raised its position in Calamos Nasdaq Equity & Income ETF by 155.4% during the second quarter. Osaic Holdings Inc. now owns 3,778 shares of the company’s stock valued at $109,000 after buying an additional 2,299 shares during the period. Farther Finance Advisors LLC acquired a new stake in Calamos Nasdaq Equity & Income ETF during the 4th quarter worth about $109,000. WMG Financial Advisors LLC purchased a new position in Calamos Nasdaq Equity & Income ETF during the 3rd quarter valued at about $238,000. Sound Income Strategies LLC acquired a new position in shares of Calamos Nasdaq Equity & Income ETF in the 4th quarter valued at about $270,000. Finally, Prosperity Wealth Management Inc. lifted its position 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 purchasing an additional 1,256 shares in the last quarter.

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.