Calamos Strategic Total Return Fund (NASDAQ:CSQ) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Calamos Strategic Total Return Fund (NASDAQ:CSQGet Free Report)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.93 and traded as high as $19.00. Calamos Strategic Total Return Fund shares last traded at $18.91, with a volume of 271,443 shares.

Calamos Strategic Total Return Fund Stock Performance

The business’s 50-day moving average is $18.94 and its two-hundred day moving average is $18.61.

Calamos Strategic Total Return Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 9th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.1225 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, December 30th. This is a positive change from Calamos Strategic Total Return Fund’s previous monthly dividend of $0.10.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC grew its position in shares of Calamos Strategic Total Return Fund by 13.0% during the third quarter. Parallel Advisors LLC now owns 5,874 shares of the investment management company’s stock worth $113,000 after acquiring an additional 678 shares during the last quarter. Allworth Financial LP boosted its stake in Calamos Strategic Total Return Fund by 13.4% during the 2nd quarter. Allworth Financial LP now owns 6,235 shares of the investment management company’s stock valued at $114,000 after purchasing an additional 736 shares during the period. Insigneo Advisory Services LLC grew its position in Calamos Strategic Total Return Fund by 5.7% in the 2nd quarter. Insigneo Advisory Services LLC now owns 13,924 shares of the investment management company’s stock worth $254,000 after purchasing an additional 750 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of Calamos Strategic Total Return Fund by 2.5% in the third quarter. Kestra Private Wealth Services LLC now owns 32,588 shares of the investment management company’s stock valued at $629,000 after purchasing an additional 791 shares during the period. Finally, HighTower Advisors LLC increased its stake in shares of Calamos Strategic Total Return Fund by 0.7% in the third quarter. HighTower Advisors LLC now owns 119,666 shares of the investment management company’s stock valued at $2,308,000 after purchasing an additional 860 shares during the period.

Calamos Strategic Total Return Fund Company Profile

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Further Reading

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