Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 20,597 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $6.34, for a total value of $130,584.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 57,640 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.38, for a total value of $367,743.20.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) traded down 0.16% on Tuesday, reaching $6.32. The company’s stock had a trading volume of 113,732 shares. The firm has a 50 day moving average price of $6.31 and a 200 day moving average price of $6.21. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 52 week low of $5.25 and a 52 week high of $6.49.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.91%.

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An institutional investor recently raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. Shaker Financial Services LLC increased its position in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) by 415.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,474 shares of the exchange traded fund’s stock after buying an additional 81,000 shares during the period. Shaker Financial Services LLC’s holdings in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest were worth $626,000 as of its most recent filing with the SEC.

Insider Buying and Selling by Quarter for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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