Calamos Global Total Return Fund (NASDAQ:CGO) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Calamos Global Total Return Fund (NASDAQ:CGO)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $12.98 and traded as high as $13.13. Calamos Global Total Return Fund shares last traded at $12.94, with a volume of 11,383 shares.

Calamos Global Total Return Fund Stock Up 0.5%

The stock’s fifty day moving average price is $12.98 and its 200-day moving average price is $12.89.

Calamos Global Total Return Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, September 21st. Shareholders of record on Monday, September 14th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.08 annualized dividend and a yield of 8.3%.

Hedge Funds Weigh In On Calamos Global Total Return Fund

Several hedge funds have recently modified their holdings of CGO. Bank of America Corp DE grew its stake in Calamos Global Total Return Fund by 2.3% in the first quarter. Bank of America Corp DE now owns 38,050 shares of the investment management company’s stock valued at $424,000 after purchasing an additional 847 shares in the last quarter. Brookstone Capital Management raised its position in Calamos Global Total Return Fund by 2.5% during the first quarter. Brookstone Capital Management now owns 48,760 shares of the investment management company’s stock worth $544,000 after acquiring an additional 1,177 shares in the last quarter. PMG Family Office LLC raised its position in Calamos Global Total Return Fund by 5.1% during the first quarter. PMG Family Office LLC now owns 45,698 shares of the investment management company’s stock worth $510,000 after acquiring an additional 2,230 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Calamos Global Total Return Fund in the 2nd quarter valued at about $57,000. Finally, Fifth Third Bancorp bought a new position in shares of Calamos Global Total Return Fund in the 1st quarter valued at about $63,000.

Calamos Global Total Return Fund Company Profile

Calamos Global Total Return Fund (NASDAQ:CGO) is a closed-end management investment company that seeks to provide investors with total return through a combination of current income and capital appreciation. The fund is managed by Calamos Advisors LLC, an investment adviser affiliated with Calamos Investments.

CGO invests in a diversified portfolio of securities issued by companies and governments around the world. Its holdings may include common stocks, preferred securities, convertible securities and debt instruments, giving the fund exposure to both equity and fixed-income markets.