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, LLC executed a $7.4 million purchase of 296,000 shares at $25.00, representing the largest insider purchase in the fund's history. This significant allocation by a major institutional holder suggests strong conviction in the fund's high yield and current valuation.
The stock is trading at $24.805, a 6.85% discount to its 52-week high of $26.63, despite a 22.07% gain over the past year. The fund has recently pulled back 2.3% over the last five days.
1) Upcoming monthly distribution on August 31, 2026, which typically supports the high yield of 9.37%. 2) The fund's attractive income profile highlighted in the March 16, 2026, MoneyShow article citing a yield of approximately 10.3%.
1) The fund's high dividend yield of 9.37% carries reinvestment risk and potential distribution cuts if market conditions deteriorate. 2) The fund is trading at a 6.85% discount to its 52-week high, indicating room for further downside if the equity market corrects.
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 → |