Park Avenue Securities LLC bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,857 shares of the investment management company’s stock, valued at approximately $270,000.

Other hedge funds have also made changes to their positions in the company. Doliver Capital Advisors LP grew its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 90.0% during the third quarter. Doliver Capital Advisors LP now owns 43,238 shares of the investment management company’s stock worth $700,000 after purchasing an additional 20,482 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 31.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,021 shares of the investment management company’s stock valued at $937,000 after acquiring an additional 13,902 shares during the period. First Trust Advisors LP lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 12.8% during the third quarter. First Trust Advisors LP now owns 120,640 shares of the investment management company’s stock valued at $1,953,000 after acquiring an additional 13,658 shares during the period. Shaker Financial Services LLC acquired a new position in shares of Advent Claymore Convertible Sec & Inc Fd during the third quarter valued at $1,039,000. Finally, Royal Bank of Canada lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 6.5% during the second quarter. Royal Bank of Canada now owns 8,447 shares of the investment management company’s stock valued at $136,000 after acquiring an additional 512 shares during the period.

Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) opened at $15.06 on Friday. Advent Claymore Convertible Sec & Inc Fd has a one year low of $14.62 and a one year high of $16.80.

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.117 per share. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12. This represents a $1.40 annualized dividend and a dividend yield of 9.32%. The ex-dividend date of this dividend is Wednesday, February 14th.

COPYRIGHT VIOLATION NOTICE: “Park Avenue Securities LLC Invests $270,000 in Advent Claymore Convertible Sec & Inc Fd (AVK)” was originally published by Daily Political and is owned by of Daily Political. If you are viewing this report on another website, it was stolen and republished in violation of US and international copyright laws. The legal version of this report can be viewed at https://www.dailypolitical.com/2018/02/10/park-avenue-securities-llc-invests-270000-in-advent-claymore-convertible-sec-inc-fd-avk.html.

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.

Want to see what other hedge funds are holding AVK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK).

Institutional Ownership by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Receive News & Ratings for Advent Claymore Convertible Sec & Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Claymore Convertible Sec & Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.