Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) insider Advent Capital Management /De/ acquired 20,000 shares of Advent Claymore Convertible Sec & Inc Fd stock in a transaction that occurred on Wednesday, October 10th. The shares were purchased at an average price of $14.70 per share, for a total transaction of $294,000.00. Following the completion of the purchase, the insider now directly owns 100,000 shares of the company’s stock, valued at $1,470,000. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Advent Capital Management /De/ also recently made the following trade(s):

  • On Thursday, September 27th, Advent Capital Management /De/ bought 6,000 shares of Advent Claymore Convertible Sec & Inc Fd stock. The stock was bought at an average cost of $15.69 per share, for a total transaction of $94,140.00.
  • On Monday, September 10th, Advent Capital Management /De/ bought 24,000 shares of Advent Claymore Convertible Sec & Inc Fd stock. The stock was bought at an average cost of $15.70 per share, for a total transaction of $376,800.00.

NYSE AVK traded down $0.08 during trading hours on Friday, hitting $14.43. The company had a trading volume of 174,256 shares, compared to its average volume of 77,915. Advent Claymore Convertible Sec & Inc Fd has a fifty-two week low of $14.40 and a fifty-two week high of $16.50.

The business also recently announced a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Monday, October 15th will be given a $0.117 dividend. The ex-dividend date of this dividend is Friday, October 12th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09. This represents a $1.40 annualized dividend and a yield of 9.73%.

A number of hedge funds and other institutional investors have recently modified their holdings of AVK. Wells Fargo & Company MN increased its position in Advent Claymore Convertible Sec & Inc Fd by 0.7% in the first quarter. Wells Fargo & Company MN now owns 606,377 shares of the investment management company’s stock worth $9,144,000 after buying an additional 4,511 shares during the period. LPL Financial LLC increased its position in Advent Claymore Convertible Sec & Inc Fd by 21.7% in the first quarter. LPL Financial LLC now owns 45,295 shares of the investment management company’s stock worth $683,000 after buying an additional 8,090 shares during the period. Quad Cities Investment Group LLC acquired a new stake in Advent Claymore Convertible Sec & Inc Fd in the first quarter worth $714,000. Raymond James Financial Services Advisors Inc. increased its position in Advent Claymore Convertible Sec & Inc Fd by 10.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 80,553 shares of the investment management company’s stock worth $1,232,000 after buying an additional 7,741 shares during the period. Finally, First Trust Advisors LP increased its position in Advent Claymore Convertible Sec & Inc Fd by 12.9% in the second quarter. First Trust Advisors LP now owns 150,280 shares of the investment management company’s stock worth $2,298,000 after buying an additional 17,133 shares during the period.

Advent Claymore Convertible Sec & Inc Fd Company Profile

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.

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