Wells Fargo & Company MN Sells 51,398 Shares of Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ)

Wells Fargo & Company MN lowered its stake in Calamos Long/Short Equity & Dynamic Income Term Trust (NASDAQ:CPZ) by 14.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 309,365 shares of the company’s stock after selling 51,398 shares during the quarter. Wells Fargo & Company MN’s holdings in Calamos Long/Short Equity & Dynamic Income Term Trust were worth $4,588,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Calamos Long/Short Equity & Dynamic Income Term Trust in the 4th quarter worth $4,527,000. Advisors Asset Management Inc. raised its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 24.2% in the 4th quarter. Advisors Asset Management Inc. now owns 486,773 shares of the company’s stock worth $7,219,000 after purchasing an additional 94,945 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 57.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 77,586 shares of the company’s stock worth $1,151,000 after purchasing an additional 28,301 shares during the period. Private Advisor Group LLC boosted its stake in Calamos Long/Short Equity & Dynamic Income Term Trust by 7.9% in the fourth quarter. Private Advisor Group LLC now owns 59,050 shares of the company’s stock valued at $876,000 after buying an additional 4,300 shares in the last quarter. Finally, Rivernorth Capital Management LLC grew its position in Calamos Long/Short Equity & Dynamic Income Term Trust by 0.7% during the 3rd quarter. Rivernorth Capital Management LLC now owns 584,400 shares of the company’s stock worth $9,168,000 after acquiring an additional 3,968 shares during the last quarter.

Insiders Place Their Bets

In other news, CFO Thomas E. Herman sold 13,392 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $15.58, for a total transaction of $208,647.36. Following the transaction, the chief financial officer now directly owns 13,391 shares of the company’s stock, valued at $208,631.78. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Calamos Long/Short Equity & Dynamic Income Term Trust Stock Performance

NASDAQ CPZ opened at $15.13 on Monday. Calamos Long/Short Equity & Dynamic Income Term Trust has a twelve month low of $14.51 and a twelve month high of $16.03. The stock has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $15.42.

Calamos Long/Short Equity & Dynamic Income Term Trust Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, April 21st. Investors of record on Friday, April 11th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.68 annualized dividend and a yield of 11.10%.

About Calamos Long/Short Equity & Dynamic Income Term Trust

Calamos Investments is a global investment firm committed to excellence in investment management and client services. A global investment platform with focused, experienced teams, specialized by investment discipline. Serving the needs of institutional and individual investors since 1977. Offering a range of global investment solutions to work with a client’s asset allocation framework.