MetLife Investment Management, LLC, 10% Owner at Calamos Dynamic Convertible & Income Fund (CCD), bought 880,000 shares at $25.00 ($22.0M) on 2026-08-26, disclosed to the SEC on 2026-08-26.
MetLife Investment Management purchased 244,000 shares of CCD for $6.1M, marking the largest insider purchase in the company's history. This significant capital commitment from a major institutional investor suggests strong conviction in the fund's income generation capabilities.
CCD is currently trading at $24.805, down 2.3% over the last 5 days but up 22.07% over the past year. The stock is currently 6.85% below its 52-week high of $26.63 and 24.12% above its 52-week low of $19.985.
Upcoming monthly distributions on the 15th of each month provide a recurring income catalyst. The fund's current dividend yield of 9.37% offers a strong yield-on-cost for new investors entering at current levels.
The fund's high dividend yield of 9.37% may be unsustainable if the underlying convertible bond portfolio experiences credit deterioration. Additionally, the fund's 52-week high is $26.63, and the current price is 6.85% below that level, indicating potential resistance.
Negative factors outweigh the positive ones.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $25.00 | 44,000 | $1.1M | 5.0% |
| 2 | $25.00 | 128,000 | $3.2M | 14.5% |
| 3 | $25.00 | 168,000 | $4.2M | 19.1% |
| 4 | $25.00 | 244,000 | $6.1M | 27.7% |
| 5 | $25.00 | 296,000 | $7.4M | 33.6% |
| Total | $25.00 avg | 880,000 |
| $22.0M |
| 100% |
| Filing → |
| CHY | BUY | 2026-08-26 | $7.3M | — | Filing → |