Advisors Asset Management Inc. Lowers Stake in Calamos Long/Short Equity & Dynamic Income Term Trust $CPZ

Advisors Asset Management Inc. cut its stake in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 19.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 401,158 shares of the company’s stock after selling 94,878 shares during the quarter. Advisors Asset Management Inc.’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $6,499,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CPZ. AdvisorNet Financial Inc boosted its holdings in shares of Calamos Long/Short Equity & Dynamic Income Term Trust by 50.7% in the 3rd quarter. AdvisorNet Financial Inc now owns 2,816 shares of the company’s stock valued at $46,000 after acquiring an additional 947 shares during the last quarter. Bank of America Corp DE lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 55.1% during the fourth quarter. Bank of America Corp DE now owns 3,500 shares of the company’s stock valued at $52,000 after purchasing an additional 1,244 shares during the period. Steward Partners Investment Advisory LLC lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 52.1% during the second quarter. Steward Partners Investment Advisory LLC now owns 3,650 shares of the company’s stock valued at $59,000 after purchasing an additional 1,250 shares during the period. Cetera Investment Advisers boosted its holdings in Calamos Long/Short Equity & Dynamic Income Term Trust by 5.4% in the second quarter. Cetera Investment Advisers now owns 29,649 shares of the company’s stock valued at $481,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Brookstone Capital Management grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 15.4% during the 2nd quarter. Brookstone Capital Management now owns 19,000 shares of the company’s stock worth $308,000 after purchasing an additional 2,542 shares during the period.

Calamos Long/Short Equity & Dynamic Income Term Trust Price Performance

Calamos Long/Short Equity & Dynamic Income Term Trust stock opened at $15.03 on Friday. The company’s fifty day moving average price is $14.88 and its 200 day moving average price is $15.56. Calamos Long/Short Equity & Dynamic Income Term Trust has a 1 year low of $14.50 and a 1 year high of $16.82.

Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, February 23rd. Shareholders of record on Friday, February 13th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, February 13th.

Insider Activity

In other Calamos Long/Short Equity & Dynamic Income Term Trust news, Chairman John P. Sr Calamos, Sr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $14.60, for a total value of $292,000.00. Following the transaction, the chairman directly owned 38,817 shares of the company’s stock, valued at $566,728.20. This trade represents a 34.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Calamos Long/Short Equity & Dynamic Income Term Trust Profile

Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ: CPZ) is a closed-end management investment company that seeks to deliver long-term total return through a combination of capital appreciation and current income. The trust pursues this objective by maintaining a diversified portfolio of equity securities with an overlay of dynamic income strategies, including the use of call and put options.

The trust’s core investment approach combines long and short positions in U.S. and foreign equities, allowing portfolio managers to express both positive and negative views on individual securities and sectors.