Elequin Capital LP Lowers Stock Holdings in Calamos Convertible Equity Alternative ETF $CVRT

Elequin Capital LP reduced its stake in Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) by 85.7% during the third quarter, HoldingsChannel.com reports. The firm owned 2,657 shares of the company’s stock after selling 15,973 shares during the quarter. Elequin Capital LP’s holdings in Calamos Convertible Equity Alternative ETF were worth $96,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. bought a new stake in Calamos Convertible Equity Alternative ETF in the third quarter worth $249,000. Truist Financial Corp raised its position in shares of Calamos Convertible Equity Alternative ETF by 63.3% in the 3rd quarter. Truist Financial Corp now owns 14,170 shares of the company’s stock worth $515,000 after purchasing an additional 5,494 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in Calamos Convertible Equity Alternative ETF by 7.5% in the 1st quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after purchasing an additional 4,886 shares in the last quarter.

Calamos Convertible Equity Alternative ETF Stock Performance

NYSEARCA:CVRT opened at $41.21 on Friday. Calamos Convertible Equity Alternative ETF has a fifty-two week low of $24.79 and a fifty-two week high of $44.10. The firm has a 50-day simple moving average of $41.70 and a two-hundred day simple moving average of $38.77.

Calamos Convertible Equity Alternative ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.0445 dividend. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, March 2nd. This is an increase from Calamos Convertible Equity Alternative ETF’s previous monthly dividend of $0.04.

Calamos Convertible Equity Alternative ETF Company Profile

The Calamos Convertible Equity Alternative ETF (CVRT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a portfolio of US convertible securities with a high level of equity sensitivity. The fund seeks to deliver total return through capital appreciation and current income. CVRT was launched on Oct 4, 2023 and is issued by Calamos.