Dumont Blake Investment Advisors Lowers stake in Calamos Convertible & Hi Income Fund (CHY)

Calamos Convertible & Hi Income Fund (CHY) : Dumont Blake Investment Advisors reduced its stake in Calamos Convertible & Hi Income Fund by 0.96% during the most recent quarter end. The investment management company now holds a total of 197,173 shares of Calamos Convertible & Hi Income Fund which is valued at $2,202,422 after selling 1,910 shares in Calamos Convertible & Hi Income Fund , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Calamos Convertible & Hi Income Fund makes up approximately 1.08% of Dumont Blake Investment Advisors’s portfolio.

Other Hedge Funds, Including , New England Investment Retirement Group boosted its stake in CHY in the latest quarter, The investment management firm added 9,333 additional shares and now holds a total of 215,560 shares of Calamos Convertible & Hi Income Fund which is valued at $2,407,805. Calamos Convertible & Hi Income Fund makes up approx 1.40% of New England Investment Retirement Group’s portfolio.Concert Wealth Management boosted its stake in CHY in the latest quarter, The investment management firm added 206 additional shares and now holds a total of 16,481 shares of Calamos Convertible & Hi Income Fund which is valued at $188,543. Calamos Convertible & Hi Income Fund makes up approx 0.02% of Concert Wealth Management’s portfolio.

Calamos Convertible & Hi Income Fund closed down -0.17 points or -1.50% at $11.13 with 2,19,199 shares getting traded on Monday. Post opening the session at $11.23, the shares hit an intraday low of $11.05 and an intraday high of $11.25 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Calamos Convertible and High Income Fund (the Fund) is an enhanced fixed income fund. The Fund seeks to provide a steady stream of distributions paid on a monthly basis and invests in multiple asset classes. The Fund provides an alternative to funds investing exclusively in investment grade fixed income instruments and seeks to be less sensitive to interest rates. The Fund invests in a diversified portfolio of convertible securities and high yield securities. The Fund invests primarily in securities of United States issuers and favors companies that are actively participating in globalization with geographically diversified revenue streams and global business strategies.

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