Advent Claymore Convertible Sec & Inc Fd (AVK) Shares Bought by Capital Investment Advisors LLC

Capital Investment Advisors LLC grew its stake in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,813 shares of the investment management company’s stock after purchasing an additional 3,867 shares during the quarter. Capital Investment Advisors LLC owned approximately 0.11% of Advent Claymore Convertible Sec & Inc Fd worth $389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AVK. Centaurus Financial Inc. bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd in the second quarter valued at about $153,000. We Are One Seven LLC bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd in the third quarter valued at about $253,000. Baird Financial Group Inc. raised its position in shares of Advent Claymore Convertible Sec & Inc Fd by 18.3% in the second quarter. Baird Financial Group Inc. now owns 27,275 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 4,222 shares during the period. LPL Financial LLC raised its position in shares of 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 valued at $683,000 after purchasing an additional 8,090 shares during the period. Finally, Quad Cities Investment Group LLC bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd in the first quarter valued at about $714,000.

Shares of AVK opened at $14.74 on Thursday. Advent Claymore Convertible Sec & Inc Fd has a fifty-two week low of $14.31 and a fifty-two week high of $16.50.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, October 31st. Stockholders 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 dividend yield of 9.53%.

In other Advent Claymore Convertible Sec & Inc Fd news, VP Tony Huang purchased 2,066 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were acquired at an average cost of $15.66 per share, for a total transaction of $32,353.56. Following the completion of the purchase, the vice president now owns 7,100 shares of the company’s stock, valued at approximately $111,186. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tracy V. Maitland purchased 12,000 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The stock was acquired at an average price of $15.71 per share, for a total transaction of $188,520.00. The disclosure for this purchase can be found here. Insiders bought 114,066 shares of company stock worth $1,769,814 over the last three months.

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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