Advent Convertible and Income Fund (AVK) To Go Ex-Dividend on August 14th

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.1172 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date is Friday, August 14th.

Advent Convertible and Income Fund Price Performance

Shares of AVK opened at $12.72 on Wednesday. Advent Convertible and Income Fund has a 1-year low of $10.77 and a 1-year high of $13.28. The firm has a fifty day moving average price of $12.78 and a 200 day moving average price of $12.50.

Institutional Trading of Advent Convertible and Income Fund

A number of large investors have recently bought and sold shares of the business. LFA Lugano Financial Advisors SA acquired a new position in Advent Convertible and Income Fund in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. increased its position in Advent Convertible and Income Fund by 301.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,975 shares of the investment management company’s stock valued at $46,000 after acquiring an additional 2,984 shares during the period. MeadowBrook Investment Advisors LLC purchased a new stake in Advent Convertible and Income Fund during the 1st quarter valued at approximately $53,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Advent Convertible and Income Fund during the 1st quarter worth approximately $114,000. Finally, Kestra Advisory Services LLC acquired a new position in Advent Convertible and Income Fund in the 4th quarter valued at $119,000.

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.