Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 129,083 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $6.21, for a total transaction of $801,605.43. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 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 Friday, September 1st, Saba Capital Management, L.P. sold 93,468 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.18, for a total transaction of $577,632.24.
  • On Tuesday, August 29th, Saba Capital Management, L.P. sold 14,934 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.15, for a total transaction of $91,844.10.
  • On Friday, August 25th, Saba Capital Management, L.P. sold 2,900 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.15, for a total transaction of $17,835.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 2,999 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.17, for a total transaction of $18,503.83.
  • On Monday, August 21st, Saba Capital Management, L.P. sold 600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.19, for a total transaction of $3,714.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 64,970 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.32, for a total transaction of $410,610.40.
  • On Monday, August 7th, Saba Capital Management, L.P. sold 20,597 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.34, for a total transaction of $130,584.98.
  • 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 shares were sold at an average price of $6.38, for a total transaction of $367,743.20.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) traded down 0.48% during trading on Thursday, hitting $6.17. 51,172 shares of the company traded hands. The stock has a 50-day moving average price of $6.27 and a 200-day moving average price of $6.23. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 12-month low of $5.25 and a 12-month high of $6.49.

The business also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.047 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 9.10%. The ex-dividend date of this dividend is Thursday, September 14th.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 0.3% in the 2nd quarter. Royal Bank of Canada now owns 24,847 shares of the exchange traded fund’s stock valued at $155,000 after buying an additional 80 shares during the last quarter. Advisor Group Inc. grew its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 1.5% in the 2nd quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock valued at $412,000 after purchasing an additional 966 shares during the period. JPMorgan Chase & Co. grew its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,003,308 shares of the exchange traded fund’s stock valued at $6,251,000 after purchasing an additional 22,322 shares during the period. Oppenheimer & Co. Inc. bought a new position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest in the 2nd quarter valued at $305,000. Finally, Shaker Financial Services LLC grew its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 415.9% in the 2nd quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock valued at $626,000 after purchasing an additional 81,000 shares during the period.

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

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