Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) major shareholder Saba Capital Management, L.P. sold 4,185 shares of the business’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $16.45, for a total transaction of $68,843.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 63,836 shares of Advent Claymore Convertible Sec & Inc Fd stock. The stock was sold at an average price of $16.59, for a total transaction of $1,059,039.24.

Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) opened at 16.37 on Wednesday. Advent Claymore Convertible Sec & Inc Fd has a 12 month low of $13.33 and a 12 month high of $16.80. The firm’s 50 day moving average is $16.29 and its 200 day moving average is $15.91.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.1138 per share. This represents a $1.37 dividend on an annualized basis and a dividend yield of 8.34%. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11. The ex-dividend date of this dividend is Friday, August 11th.

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An institutional investor recently raised its position in Advent Claymore Convertible Sec & Inc Fd stock. First Trust Advisors LP raised its position in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 15.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,982 shares of the investment management company’s stock after buying an additional 14,372 shares during the period. First Trust Advisors LP’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $1,728,000 at the end of the most recent reporting period.

Advent Claymore Convertible Sec & Inc Fd Company Profile

Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.

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

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