Oppenheimer & Co. Inc. Sells 10,193 Shares of Advent Claymore Convertible Sec & Inc Fd (AVK)

Oppenheimer & Co. Inc. lowered its position in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,317 shares of the investment management company’s stock after selling 10,193 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 7.5% in the fourth quarter. Park Avenue Securities LLC now owns 27,405 shares of the investment management company’s stock valued at $376,000 after buying an additional 1,903 shares during the period. NINE MASTS CAPITAL Ltd acquired a new position in shares of Advent Claymore Convertible Sec & Inc Fd in the third quarter valued at approximately $56,000. Capital Investment Advisors LLC increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 18.5% in the third quarter. Capital Investment Advisors LLC now owns 24,813 shares of the investment management company’s stock valued at $389,000 after buying an additional 3,867 shares during the period. Doliver Capital Advisors LP increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 37.1% in the third quarter. Doliver Capital Advisors LP now owns 15,669 shares of the investment management company’s stock valued at $246,000 after buying an additional 4,238 shares during the period. Finally, Edmonds Duncan Registered Investment Advisors LLC increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 7.5% in the third quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 65,240 shares of the investment management company’s stock valued at $1,022,000 after buying an additional 4,542 shares during the period.

NYSE:AVK opened at $14.22 on Monday. Advent Claymore Convertible Sec & Inc Fd has a fifty-two week low of $12.07 and a fifty-two week high of $16.02.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a dividend of $0.1172 per share. This represents a $1.41 dividend on an annualized basis and a yield of 9.89%. The ex-dividend date of this dividend is Thursday, February 14th. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

In other news, insider Advent Capital Management /De/ bought 15,000 shares of the firm’s stock in a transaction on Wednesday, January 9th. The stock was acquired at an average price of $13.53 per share, with a total value of $202,950.00. Following the transaction, the insider now owns 115,000 shares of the company’s stock, valued at approximately $1,555,950. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tracy V. Maitland bought 21,000 shares of the firm’s stock in a transaction on Wednesday, January 16th. The shares were purchased at an average cost of $13.61 per share, with a total value of $285,810.00. Following the transaction, the insider now directly owns 136,000 shares in the company, valued at approximately $1,850,960. The disclosure for this purchase can be found here.

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Advent Claymore Convertible Sec & Inc Fd 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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Institutional Ownership by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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