Advent Convertible and Income Fund (AVK) To Go Ex-Dividend on May 15th

Advent Convertible and Income Fund (NYSE:AVK) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.1172 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date is Friday, May 15th.

Advent Convertible and Income Fund Price Performance

AVK stock traded up $0.04 during midday trading on Wednesday, hitting $12.84. 15,156 shares of the company’s stock were exchanged, compared to its average volume of 166,576. The business has a 50-day simple moving average of $12.10 and a two-hundred day simple moving average of $12.45. Advent Convertible and Income Fund has a 1-year low of $10.77 and a 1-year high of $13.10.

Institutional Trading of Advent Convertible and Income Fund

A number of large investors have recently modified their holdings of the stock. Calamos Advisors LLC purchased a new position in Advent Convertible and Income Fund in the first quarter valued at $139,000. Fifth Third Bancorp purchased a new position in shares of Advent Convertible and Income Fund in the 1st quarter valued at about $211,000. Kestra Advisory Services LLC grew its position in shares of Advent Convertible and Income Fund by 178.5% during the first quarter. Kestra Advisory Services LLC now owns 26,431 shares of the investment management company’s stock worth $295,000 after buying an additional 16,940 shares in the last quarter. Koshinski Asset Management Inc. grew its position in shares of Advent Convertible and Income Fund by 1.6% during the first quarter. Koshinski Asset Management Inc. now owns 472,817 shares of the investment management company’s stock worth $5,277,000 after buying an additional 7,659 shares in the last quarter. Finally, Absolute Investment Advisers LLC raised its holdings in Advent Convertible and Income Fund by 15.9% in the first quarter. Absolute Investment Advisers LLC now owns 68,391 shares of the investment management company’s stock valued at $763,000 after acquiring an additional 9,389 shares in the last quarter.

About Advent Convertible and Income Fund

Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.

The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.