Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) 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 bought at an average price of $15.71 per share, with a total value of $188,520.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link.

NYSE:AVK opened at $15.74 on Friday. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $14.62 and a 1-year high of $16.50.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 14th will be given a dividend of $0.1172 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.41 dividend on an annualized basis and a yield of 8.94%.

A number of hedge funds and other institutional investors have recently made changes to their positions in AVK. Centaurus Financial Inc. acquired a new stake in Advent Claymore Convertible Sec & Inc Fd during the 2nd quarter worth about $153,000. Millennium Management LLC boosted its position in Advent Claymore Convertible Sec & Inc Fd by 46.7% during the 4th quarter. Millennium Management LLC now owns 24,531 shares of the investment management company’s stock worth $390,000 after acquiring an additional 7,811 shares during the period. Baird Financial Group Inc. boosted its position in Advent Claymore Convertible Sec & Inc Fd by 18.3% during the 2nd quarter. Baird Financial Group Inc. now owns 27,275 shares of the investment management company’s stock worth $417,000 after acquiring an additional 4,222 shares during the period. LPL Financial LLC boosted its position in Advent Claymore Convertible Sec & Inc Fd by 21.7% during the 1st quarter. LPL Financial LLC now owns 45,295 shares of the investment management company’s stock worth $683,000 after acquiring an additional 8,090 shares during the period. Finally, Quad Cities Investment Group LLC acquired a new stake in Advent Claymore Convertible Sec & Inc Fd during the 1st quarter worth about $714,000.

Advent Claymore Convertible Sec & Inc Fd Company 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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