Advent Convertible and Income Fund (AVK) to Issue Monthly Dividend of $0.12 on June 30th

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be given a dividend of 0.1172 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Monday, June 15th.

Advent Convertible and Income Fund Stock Performance

NYSE AVK opened at $13.20 on Wednesday. The stock’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $12.44. Advent Convertible and Income Fund has a 1 year low of $10.77 and a 1 year high of $13.28.

Hedge Funds Weigh In On Advent Convertible and Income Fund

Large investors have recently made changes to their positions in the business. Koshinski Asset Management Inc. increased its holdings in shares of Advent Convertible and Income Fund by 4.3% in the 4th quarter. Koshinski Asset Management Inc. now owns 465,158 shares of the investment management company’s stock valued at $5,833,000 after purchasing an additional 19,345 shares during the period. Merit Financial Group LLC acquired a new position in shares of Advent Convertible and Income Fund in the 4th quarter valued at about $180,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Advent Convertible and Income Fund in the 4th quarter valued at about $34,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Advent Convertible and Income Fund by 10.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 55,820 shares of the investment management company’s stock valued at $716,000 after purchasing an additional 5,200 shares during the period. Finally, Greenberg Financial Group acquired a new position in shares of Advent Convertible and Income Fund in the 4th quarter valued at about $596,000.

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.