Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) major shareholder Saba Capital Management, L.P. sold 4,185 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $16.45, for a total transaction of $68,843.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 63,836 shares of Advent Claymore Convertible Sec & Inc Fd stock. The shares were sold at an average price of $16.59, for a total transaction of $1,059,039.24.

Shares of Advent Claymore Convertible Sec & Inc Fd (AVK) traded down 0.24% on Tuesday, reaching $16.37. 112,819 shares of the company’s stock traded hands. The company’s 50-day moving average price is $16.26 and its 200 day moving average price is $15.90. Advent Claymore Convertible Sec & Inc Fd has a one year low of $13.33 and a one year high of $16.80.

The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.1138 per share. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11. This represents a $1.37 dividend on an annualized basis and a yield of 8.34%. The ex-dividend date is Friday, August 11th.

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A hedge fund recently raised its stake in Advent Claymore Convertible Sec & Inc Fd stock. Advisors Asset Management Inc. boosted its position in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,311 shares of the investment management company’s stock after buying an additional 5,766 shares during the period. Advisors Asset Management Inc.’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $7,628,000 at the end of the most recent reporting period.

About Advent Claymore Convertible Sec & Inc Fd

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.

Insider Buying and Selling by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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