Calamos Global Total Return Fund (NASDAQ:CGO) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Shares of Calamos Global Total Return Fund (NASDAQ:CGO) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $11.91 and traded as high as $12.29. Calamos Global Total Return Fund shares last traded at $12.28, with a volume of 11,254 shares changing hands.

Calamos Global Total Return Fund Stock Performance

The firm has a 50-day moving average price of $11.91 and a 200-day moving average price of $11.80.

Calamos Global Total Return Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 21st. Stockholders of record on Tuesday, April 14th will be given a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, April 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGO. Integrated Wealth Concepts LLC purchased a new position in Calamos Global Total Return Fund in the third quarter valued at about $2,075,000. Shaker Financial Services LLC boosted its stake in shares of Calamos Global Total Return Fund by 34.6% during the 3rd quarter. Shaker Financial Services LLC now owns 214,332 shares of the investment management company’s stock worth $2,581,000 after acquiring an additional 55,053 shares in the last quarter. PMG Family Office LLC bought a new stake in shares of Calamos Global Total Return Fund during the 3rd quarter worth $538,000. Cohen & Steers Inc. boosted its holdings in shares of Calamos Global Total Return Fund by 90.4% during the 4th quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after buying an additional 27,190 shares during the period. Finally, Invesco Ltd. boosted its stake in Calamos Global Total Return Fund by 115.1% during the 4th quarter. Invesco Ltd. now owns 40,293 shares of the investment management company’s stock valued at $459,000 after purchasing an additional 21,561 shares during the period.

About Calamos Global Total Return Fund

Calamos Global Total Return Fund, Inc (NASDAQ: CGO) is a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. The fund is managed by Calamos Advisors LLC, an affiliate of Calamos Investments, and pursues a flexible, multi‐asset strategy designed to adapt to changing market environments. Its objective is to deliver competitive risk‐adjusted returns over full market cycles by blending growth and income opportunities within a single vehicle.

The fund invests in a globally diversified portfolio of equity and debt securities, including common stocks, convertible securities and high‐yield corporate bonds.