Advent Claymore Convertible Sec & Inc Fd (AVK) Insider Advent Capital Management /De/ Acquires 15,000 Shares of Stock

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) insider Advent Capital Management /De/ acquired 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 9th. The stock was acquired at an average price of $13.53 per share, for a total transaction of $202,950.00. Following the completion of the acquisition, the insider now directly owns 115,000 shares of the company’s stock, valued at $1,555,950. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

NYSE AVK traded up $0.17 during trading hours on Friday, hitting $13.73. The company’s stock had a trading volume of 165,472 shares, compared to its average volume of 160,313. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $12.07 and a twelve month high of $16.50.

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 31st. Investors of record on Tuesday, January 15th will be issued a $0.117 dividend. 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 10.23%. The ex-dividend date of this dividend is Monday, January 14th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quad Cities Investment Group LLC lifted its holdings in Advent Claymore Convertible Sec & Inc Fd by 12.1% in the third quarter. Quad Cities Investment Group LLC now owns 54,447 shares of the investment management company’s stock valued at $856,000 after buying an additional 5,883 shares during the period. Wells Fargo & Company MN raised its holdings in Advent Claymore Convertible Sec & Inc Fd by 54.7% in the third quarter. Wells Fargo & Company MN now owns 781,505 shares of the investment management company’s stock worth $12,246,000 after purchasing an additional 276,189 shares during the period. Park Avenue Securities LLC raised its holdings in Advent Claymore Convertible Sec & Inc Fd by 29.8% in the third quarter. Park Avenue Securities LLC now owns 25,502 shares of the investment management company’s stock worth $403,000 after purchasing an additional 5,853 shares during the period. Advent Capital Management DE acquired a new stake in Advent Claymore Convertible Sec & Inc Fd in the third quarter worth $1,254,000. Finally, Bank of America Corp DE raised its holdings in Advent Claymore Convertible Sec & Inc Fd by 15.1% in the second quarter. Bank of America Corp DE now owns 382,729 shares of the investment management company’s stock worth $5,851,000 after purchasing an additional 50,178 shares during the period.

ILLEGAL ACTIVITY WARNING: “Advent Claymore Convertible Sec & Inc Fd (AVK) Insider Advent Capital Management /De/ Acquires 15,000 Shares of Stock” was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.thelincolnianonline.com/2019/01/12/advent-claymore-convertible-sec-inc-fd-avk-insider-advent-capital-management-de-acquires-15000-shares-of-stock.html.

About Advent Claymore Convertible Sec & Inc Fd

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.

Recommended Story: Different Types of Derivatives

Insider Buying and Selling by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Receive News & Ratings for Advent Claymore Convertible Sec & Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Claymore Convertible Sec & Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply