Calamos Strategic Total Return Fund (NASDAQ:CSQ) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Calamos Strategic Total Return Fund (NASDAQ:CSQ) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.64 and traded as low as $16.20. Calamos Strategic Total Return Fund shares last traded at $16.27, with a volume of 215,245 shares traded.

Calamos Strategic Total Return Fund Trading Down 1.8 %

The company has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $17.64.

Calamos Strategic Total Return Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 13th were paid a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date of this dividend was Thursday, March 13th.

Insider Buying and Selling at Calamos Strategic Total Return Fund

In related news, CFO Thomas E. Herman bought 11,683 shares of the stock in a transaction on Wednesday, January 29th. The stock was bought at an average price of $18.23 per share, with a total value of $212,981.09. Following the completion of the purchase, the chief financial officer now directly owns 11,683 shares in the company, valued at $212,981.09. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CSQ. Snowden Capital Advisors LLC increased its position in shares of Calamos Strategic Total Return Fund by 2.0% during the fourth quarter. Snowden Capital Advisors LLC now owns 34,706 shares of the investment management company’s stock worth $618,000 after acquiring an additional 684 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Calamos Strategic Total Return Fund by 0.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 92,710 shares of the investment management company’s stock valued at $1,642,000 after buying an additional 865 shares during the period. MML Investors Services LLC increased its stake in shares of Calamos Strategic Total Return Fund by 8.6% during the third quarter. MML Investors Services LLC now owns 11,477 shares of the investment management company’s stock worth $199,000 after buying an additional 909 shares during the period. Litman Gregory Wealth Management LLC raised its holdings in Calamos Strategic Total Return Fund by 4.7% in the fourth quarter. Litman Gregory Wealth Management LLC now owns 22,500 shares of the investment management company’s stock valued at $398,000 after acquiring an additional 1,000 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Calamos Strategic Total Return Fund by 3.6% in the fourth quarter. EP Wealth Advisors LLC now owns 30,345 shares of the investment management company’s stock worth $537,000 after acquiring an additional 1,048 shares during the last quarter.

About Calamos Strategic Total Return Fund

Calamos Strategic Total Return Fund is a closed ended balanced mutual fund launched by Calamos Investments LLC. The fund is managed by Calamos Advisors LLC. It invests in the public equity and fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.