Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 36,165 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $6.08, for a total value of $219,883.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, September 21st, Saba Capital Management, L.P. sold 33,365 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.08, for a total value of $202,859.20.
  • On Thursday, September 14th, Saba Capital Management, L.P. sold 55,529 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.04, for a total value of $335,395.16.
  • On Friday, September 8th, Saba Capital Management, L.P. sold 56,600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.12, for a total value of $346,392.00.
  • On Wednesday, September 6th, Saba Capital Management, L.P. sold 129,083 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.21, for a total value of $801,605.43.
  • On Friday, September 1st, Saba Capital Management, L.P. sold 93,468 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.18, for a total value of $577,632.24.
  • On Tuesday, August 29th, Saba Capital Management, L.P. sold 14,934 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.15, for a total value of $91,844.10.
  • On Friday, August 25th, Saba Capital Management, L.P. sold 2,900 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.15, for a total value of $17,835.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 2,999 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.17, for a total value of $18,503.83.
  • On Monday, August 21st, Saba Capital Management, L.P. sold 600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.19, for a total value of $3,714.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 64,970 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.32, for a total value of $410,610.40.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) opened at 6.10 on Friday. The firm has a 50-day moving average price of $6.18 and a 200 day moving average price of $6.22. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 12-month low of $5.25 and a 12-month high of $6.49.

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.047 per share. This represents a $0.56 annualized dividend and a yield of 9.25%. The ex-dividend date is Thursday, September 14th.

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A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 0.3% during the second quarter. Royal Bank of Canada now owns 24,847 shares of the exchange traded fund’s stock valued at $155,000 after buying an additional 80 shares during the period. Advisor Group Inc. raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 1.5% during the second quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock valued at $412,000 after buying an additional 966 shares during the period. JPMorgan Chase & Co. raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 2.3% during the second quarter. JPMorgan Chase & Co. now owns 1,003,308 shares of the exchange traded fund’s stock valued at $6,251,000 after buying an additional 22,322 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest during the second quarter valued at $305,000. Finally, Shaker Financial Services LLC raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 415.9% during the second quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock valued at $626,000 after buying an additional 81,000 shares during the period.

Insider Buying and Selling by Quarter for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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