Calamos Convertible Equity Alternative ETF Announces Monthly Dividend of $0.07 (NYSEARCA:CVRT)

Calamos Convertible Equity Alternative ETF (NYSEARCA:CVRT) announced a monthly dividend on Monday, August 31st. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.0667 per share on Wednesday, September 9th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, September 1st.

Calamos Convertible Equity Alternative ETF Price Performance

Shares of CVRT stock traded up $0.21 on Wednesday, hitting $46.63. 13,139 shares of the company’s stock traded hands, compared to its average volume of 9,784. The company’s fifty day simple moving average is $48.53 and its 200 day simple moving average is $47.38. Calamos Convertible Equity Alternative ETF has a one year low of $33.94 and a one year high of $54.09.

Institutional Trading of Calamos Convertible Equity Alternative ETF

A number of institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its position in Calamos Convertible Equity Alternative ETF by 4.1% during the 1st quarter. Kestra Advisory Services LLC now owns 13,211 shares of the company’s stock valued at $549,000 after buying an additional 518 shares during the period. Realta Investment Advisors purchased a new position in shares of Calamos Convertible Equity Alternative ETF during the first quarter valued at approximately $200,000. Jane Street Group LLC lifted its stake in Calamos Convertible Equity Alternative ETF by 7.5% in the first quarter. Jane Street Group LLC now owns 69,942 shares of the company’s stock worth $2,000,000 after acquiring an additional 4,886 shares during the period. Envestnet Asset Management Inc. bought a new stake in Calamos Convertible Equity Alternative ETF in the third quarter valued at $249,000. Finally, Truist Financial Corp boosted its holdings in Calamos Convertible Equity Alternative ETF by 216.2% in the fourth quarter. Truist Financial Corp now owns 44,807 shares of the company’s stock valued at $1,708,000 after acquiring an additional 30,637 shares in the last quarter.

About Calamos Convertible Equity Alternative ETF

The Calamos Convertible Equity Alternative ETF (CVRT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is actively managed to invest in a portfolio of US convertible securities with a high level of equity sensitivity. The fund seeks to deliver total return through capital appreciation and current income. CVRT was launched on Oct 4, 2023 and is issued by Calamos.