Calamos Strategic Total Return Fund (NASDAQ:CSQ) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.63 and traded as high as $20.97. Calamos Strategic Total Return Fund shares last traded at $20.85, with a volume of 182,917 shares.

Calamos Strategic Total Return Fund Stock Performance

The firm has a 50 day moving average of $20.63 and a two-hundred day moving average of $19.73.

Calamos Strategic Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 21st. Stockholders of record on Monday, September 14th will be issued a dividend of $0.135 per share. The ex-dividend date is Monday, September 14th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Investors Weigh In On Calamos Strategic Total Return Fund

Several hedge funds have recently modified their holdings of CSQ. PMG Family Office LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 2.8% during the 1st quarter. PMG Family Office LLC now owns 161,279 shares of the investment management company’s stock worth $2,761,000 after purchasing an additional 4,385 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of Calamos Strategic Total Return Fund by 11.4% in the first quarter. Nations Financial Group Inc. IA ADV now owns 24,652 shares of the investment management company’s stock valued at $422,000 after buying an additional 2,516 shares during the period. 1607 Capital Partners LLC bought a new stake in shares of Calamos Strategic Total Return Fund in the fourth quarter valued at about $2,903,000. Uniting Wealth Partners LLC grew its position in Calamos Strategic Total Return Fund by 8.0% during the fourth quarter. Uniting Wealth Partners LLC now owns 23,507 shares of the investment management company’s stock worth $454,000 after buying an additional 1,742 shares in the last quarter. Finally, Lowe Brockenbrough & Co. Inc. grew its position in Calamos Strategic Total Return Fund by 98.1% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 28,737 shares of the investment management company’s stock worth $552,000 after buying an additional 14,232 shares in the last quarter.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund (NASDAQ: CSQ) is a diversified, closed-end management investment company advised by Calamos Advisors LLC. The fund seeks to provide total return through a combination of current income and capital appreciation.

To pursue its objective, CSQ invests in a portfolio of equity securities, convertible securities and fixed-income instruments. Its holdings may include investment-grade and below-investment-grade corporate debt, as well as securities issued by companies across a range of industries and market sectors.