Cornerstone Advisors Inc Lowers stake in Calamos Strategic Total Return Fund (CSQ)

Calamos Strategic Total Return Fund (CSQ) : Cornerstone Advisors Inc reduced its stake in Calamos Strategic Total Return Fund by 15.91% during the most recent quarter end. The investment management company now holds a total of 471,702 shares of Calamos Strategic Total Return Fund which is valued at $4,952,871 after selling 89,219 shares in Calamos Strategic Total Return Fund , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Calamos Strategic Total Return Fund makes up approximately 1.18% of Cornerstone Advisors Inc’s portfolio.

Other Hedge Funds, Including , Capital Advantage reduced its stake in CSQ by selling 1,042 shares or 4.81% in the most recent quarter. The Hedge Fund company now holds 20,637 shares of CSQ which is valued at $216,689. Calamos Strategic Total Return Fund makes up approx 0.06% of Capital Advantage’s portfolio. Advisors Asset Management added CSQ to its portfolio by purchasing 1,938,810 company shares during the most recent quarter which is valued at $20,415,669. Calamos Strategic Total Return Fund makes up approx 0.32% of Advisors Asset Management’s portfolio.Advisory Services Network reduced its stake in CSQ by selling 4,576 shares or 91.28% in the most recent quarter. The Hedge Fund company now holds 437 shares of CSQ which is valued at $4,567.Capital Investment Advisors boosted its stake in CSQ in the latest quarter, The investment management firm added 3,000 additional shares and now holds a total of 14,466 shares of Calamos Strategic Total Return Fund which is valued at $151,893. Calamos Strategic Total Return Fund makes up approx 0.01% of Capital Investment Advisors’s portfolio.

Calamos Strategic Total Return Fund opened for trading at $10.58 and hit $10.68 on the upside on Friday, eventually ending the session at $10.61, with a gain of 0.28% or 0.03 points. The heightened volatility saw the trading volume jump to 1,90,215 shares. Company has a market cap of $1,639 M.

Calamos Strategic Total Return Fund is a closed-end income-oriented total return fund. The Fund seeks total return through a combination of capital appreciation and current income by investing in a diversified portfolio of equities convertible securities and below-investment-grade (high yield) fixed-income securities. The Fund seeks to offer investors equity participation and an attractive monthly distribution. By combining equities convertible bonds and higher yielding corporate securities the Fund seeks to generate capital gains as well as income taking advantage of its flexibility to manage risk and reward over the full course of a market cycle. The Fund also seeks to participate in long-term upward trends of the equity markets with the possibility of a stable monthly distribution. The Fund’s investment adviser is Calamos Advisors LLC.

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