Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ) Stock Price Up 0.5% – Time to Buy?

Calamos Nasdaq Equity & Income ETF (NASDAQ:CANQ)’s stock price shot up 0.5% during mid-day trading on Friday . The stock traded as high as $31.00 and last traded at $30.98. 1,823 shares were traded during mid-day trading, a decline of 74% from the average session volume of 7,143 shares. The stock had previously closed at $30.84.

Calamos Nasdaq Equity & Income ETF Price Performance

The stock has a 50 day moving average price of $29.23 and a 200 day moving average price of $29.66.

Calamos Nasdaq Equity & Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were given a dividend of $0.1032 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) annualized dividend and a yield of 4.0%.

Institutional Trading of Calamos Nasdaq Equity & Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Waverly Advisors LLC bought a new position in shares of Calamos Nasdaq Equity & Income ETF in the 1st quarter worth about $28,000. Farther Finance Advisors LLC purchased a new position in Calamos Nasdaq Equity & Income ETF during the 4th quarter valued at about $109,000. Osaic Holdings Inc. boosted its stake in Calamos Nasdaq Equity & Income ETF by 155.4% during the second quarter. Osaic Holdings Inc. now owns 3,778 shares of the company’s stock worth $109,000 after acquiring an additional 2,299 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in Calamos Nasdaq Equity & Income ETF in the fourth quarter worth about $270,000. Finally, Prosperity Wealth Management Inc. grew its holdings in Calamos Nasdaq Equity & Income ETF by 14.2% in the third quarter. Prosperity Wealth Management Inc. now owns 10,119 shares of the company’s stock worth $305,000 after purchasing an additional 1,256 shares during the period.

Calamos Nasdaq Equity & Income ETF Company Profile

The Calamos Alternative Nasdaq & Bond ETF (CANQ) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is actively managed to provide convertible security-like exposure to the NASDAQ-100 Index. The portfolio contains a mix of equity options and fixed income exposure to pursue favorable risk-adjusted returns CANQ was launched on Feb 13, 2024 and is issued by Calamos.