Virtue Capital Management LLC Acquires 2,029 Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Virtue Capital Management LLC raised its stake in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 18.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,785 shares of the investment management company’s stock after acquiring an additional 2,029 shares during the period. Virtue Capital Management LLC’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AVK. Icon Wealth Partners LLC bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd in the first quarter valued at $31,000. Advisor Group Inc. grew its position in Advent Claymore Convertible Sec & Inc Fd by 4.7% during the 1st quarter. Advisor Group Inc. now owns 78,964 shares of the investment management company’s stock worth $1,165,000 after purchasing an additional 3,567 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in Advent Claymore Convertible Sec & Inc Fd by 4.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,296,478 shares of the investment management company’s stock worth $19,136,000 after purchasing an additional 57,940 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in Advent Claymore Convertible Sec & Inc Fd by 4.6% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 17,499 shares of the investment management company’s stock worth $259,000 after purchasing an additional 776 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Advent Claymore Convertible Sec & Inc Fd by 12.5% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,285 shares of the investment management company’s stock worth $580,000 after purchasing an additional 4,351 shares in the last quarter.

NYSE AVK traded up $0.08 on Friday, hitting $15.06. 81,999 shares of the stock were exchanged, compared to its average volume of 102,473. The business’s 50-day moving average price is $14.61. Advent Claymore Convertible Sec & Inc Fd has a 52-week low of $12.07 and a 52-week high of $15.89.

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.117 per share. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09. This represents a $1.40 annualized dividend and a dividend yield of 9.32%. The ex-dividend date is Thursday, June 13th.

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

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