Advent Convertible and Income Fund (AVK) To Go Ex-Dividend on February 13th

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.1172 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Friday, February 13th.

Advent Convertible and Income Fund Price Performance

NYSE AVK opened at $12.77 on Wednesday. Advent Convertible and Income Fund has a 12 month low of $9.75 and a 12 month high of $13.10. The stock’s 50 day moving average is $12.65 and its 200 day moving average is $12.60.

Hedge Funds Weigh In On Advent Convertible and Income Fund

Several institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. increased its holdings in Advent Convertible and Income Fund by 21.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 805,578 shares of the investment management company’s stock valued at $9,756,000 after acquiring an additional 144,955 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of Advent Convertible and Income Fund by 8.5% during the third quarter. Raymond James Financial Inc. now owns 1,456,665 shares of the investment management company’s stock valued at $18,631,000 after purchasing an additional 114,371 shares in the last quarter. Shaker Financial Services LLC bought a new stake in shares of Advent Convertible and Income Fund in the third quarter worth about $615,000. Greenberg Financial Group purchased a new stake in shares of Advent Convertible and Income Fund in the fourth quarter worth about $596,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Advent Convertible and Income Fund by 52.7% during the second quarter. Steward Partners Investment Advisory LLC now owns 133,661 shares of the investment management company’s stock valued at $1,619,000 after buying an additional 46,135 shares during the last quarter.

About Advent Convertible and Income Fund

Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.

The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.