Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 33,365 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $6.08, for a total transaction of $202,859.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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 Monday, September 18th, Saba Capital Management, L.P. sold 36,165 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.08, for a total transaction of $219,883.20.
  • 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 stock was sold at an average price of $6.04, for a total transaction 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 stock was sold at an average price of $6.12, for a total transaction 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 stock was sold at an average price of $6.21, for a total transaction 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 stock was sold at an average price of $6.18, for a total transaction 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 stock was sold at an average price of $6.15, for a total transaction 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 stock was sold at an average price of $6.15, for a total transaction 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 stock was sold at an average price of $6.17, for a total transaction 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 stock was sold at an average price of $6.19, for a total transaction 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 stock was sold at an average price of $6.32, for a total transaction of $410,610.40.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) opened at 6.10 on Friday. 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 stock has a 50 day moving average of $6.18 and a 200 day moving average of $6.22.

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

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Several hedge funds have recently made changes to their positions in AGC. Royal Bank of Canada grew its holdings in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 0.3% in the second quarter. Royal Bank of Canada now owns 24,847 shares of the exchange traded fund’s stock valued at $155,000 after purchasing an additional 80 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest in the second quarter valued at approximately $305,000. Advisor Group Inc. grew its holdings in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 1.5% in the second quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 966 shares in the last quarter. Shaker Financial Services LLC grew its holdings in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 415.9% in the second quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock valued at $626,000 after purchasing an additional 81,000 shares in the last quarter. Finally, Robinson Capital Management LLC grew its holdings in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 241.2% in the second quarter. Robinson Capital Management LLC now owns 279,513 shares of the exchange traded fund’s stock valued at $1,741,000 after purchasing an additional 197,601 shares in the last quarter.

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

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