Calamos Global Total Return Fund (NASDAQ:CGO) Shares Cross Above 50 Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyCalamos Global Total Return Fund (NASDAQ:CGO – Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $12.92 and traded as high as $13.54. Calamos Global Total Return Fund shares last traded at $13.22, with a volume of 38,920 shares changing hands.
Calamos Global Total Return Fund Stock Down 2.0%
The business’s fifty day moving average is $12.92 and its two-hundred day moving average is $12.18.
Calamos Global Total Return Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Friday, June 12th will be given a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, June 12th.
Institutional Investors Weigh In On Calamos Global Total Return Fund
Institutional investors and hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Calamos Global Total Return Fund during the third quarter valued at $2,075,000. PMG Family Office LLC acquired a new stake in Calamos Global Total Return Fund in the third quarter worth about $538,000. Cohen & Steers Inc. increased its position in Calamos Global Total Return Fund by 90.4% in the fourth quarter. Cohen & Steers Inc. now owns 57,277 shares of the investment management company’s stock worth $652,000 after purchasing an additional 27,190 shares during the period. Invesco Ltd. raised its holdings in Calamos Global Total Return Fund by 115.1% during the 4th quarter. Invesco Ltd. now owns 40,293 shares of the investment management company’s stock worth $459,000 after purchasing an additional 21,561 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Calamos Global Total Return Fund by 133.9% during the 4th quarter. Osaic Holdings Inc. now owns 27,720 shares of the investment management company’s stock worth $316,000 after purchasing an additional 15,869 shares during the last quarter.
Calamos Global Total Return Fund Company Profile
Calamos Global Total Return Fund, Inc (NASDAQ: CGO) is a closed-end management investment company that seeks to provide total return through a combination of capital appreciation and current income. The fund is managed by Calamos Advisors LLC, an affiliate of Calamos Investments, and pursues a flexible, multi‐asset strategy designed to adapt to changing market environments. Its objective is to deliver competitive risk‐adjusted returns over full market cycles by blending growth and income opportunities within a single vehicle.
The fund invests in a globally diversified portfolio of equity and debt securities, including common stocks, convertible securities and high‐yield corporate bonds.