Calamos Strategic Total Return Fund (NASDAQ:CSQ) Share Price Breaks Below 200-Day Moving Average – Time to Sell?

Calamos Strategic Total Return Fund (NASDAQ:CSQ)’s share price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $19.77 and traded as low as $19.38. Calamos Strategic Total Return Fund shares last traded at $19.57, with a volume of 277,502 shares trading hands.

Calamos Strategic Total Return Fund Stock Down 2.3%

The firm has a fifty day moving average of $20.49 and a two-hundred day moving average of $19.77.

Calamos Strategic Total Return Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Wednesday, October 14th were given a $0.1350 dividend. This represents a $1.62 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend was Wednesday, October 14th.

Hedge Funds Weigh In On Calamos Strategic Total Return Fund

Several institutional investors have recently bought and sold shares of CSQ. Royal Bank of Canada lifted its holdings in Calamos Strategic Total Return Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 2,118,216 shares of the investment management company’s stock worth $36,264,000 after buying an additional 91,551 shares during the period. Waverly Advisors LLC increased its holdings in shares of Calamos Strategic Total Return Fund by 4.8% in the 1st quarter. Waverly Advisors LLC now owns 45,236 shares of the investment management company’s stock valued at $774,000 after acquiring an additional 2,091 shares during the period. Cetera Investment Advisers increased its holdings in shares of Calamos Strategic Total Return Fund by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 782,626 shares of the investment management company’s stock valued at $13,399,000 after acquiring an additional 27,839 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Calamos Strategic Total Return Fund by 14.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 63,285 shares of the investment management company’s stock valued at $1,083,000 after acquiring an additional 8,110 shares during the period. Finally, Assetmark Inc. raised its position in shares of Calamos Strategic Total Return Fund by 162.1% in the 1st quarter. Assetmark Inc. now owns 1,683 shares of the investment management company’s stock worth $29,000 after acquiring an additional 1,041 shares in the last quarter.

Calamos Strategic Total Return Fund Company Profile

Calamos Strategic Total Return Fund is a closed-end investment company listed on Nasdaq under the symbol CSQ. The fund seeks to provide total return through a combination of current income and capital appreciation.

The fund invests in a diversified portfolio that may include convertible securities, high-yield corporate bonds and common stocks. Its portfolio can include securities issued by companies in the United States and other countries, giving it exposure to multiple industries and geographic markets.

Calamos Strategic Total Return Fund is managed by Calamos Advisors LLC, an investment-management firm founded by John P.