Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 36,165 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $6.08, for a total value of $219,883.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, September 14th, Saba Capital Management, L.P. sold 55,529 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.04, for a total value of $335,395.16.
  • On Friday, September 8th, Saba Capital Management, L.P. sold 56,600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.12, for a total value of $346,392.00.
  • On Wednesday, September 6th, Saba Capital Management, L.P. sold 129,083 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.21, for a total value of $801,605.43.
  • 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 value 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 value 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 shares were sold at an average price of $6.15, for a total value 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 shares were sold at an average price of $6.17, for a total value 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 shares were sold at an average price of $6.19, for a total value 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 shares were sold at an average price of $6.32, for a total value 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 value of $130,584.98.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) remained flat at $6.08 on Wednesday. 64,986 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $6.18 and a 200 day moving average of $6.22. 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 company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.047 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.28%. The ex-dividend date of this dividend is Thursday, September 14th.

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Hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. purchased a new stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest in the 2nd quarter worth $305,000. Shaker Financial Services LLC lifted 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 worth $626,000 after purchasing an additional 81,000 shares in the last quarter. Royal Bank of Canada lifted its stake 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 worth $155,000 after purchasing an additional 80 shares in the last quarter. Robinson Capital Management LLC lifted its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 241.2% in the 2nd quarter. Robinson Capital Management LLC now owns 279,513 shares of the exchange traded fund’s stock worth $1,741,000 after purchasing an additional 197,601 shares in the last quarter. Finally, Advisor Group Inc. lifted 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 worth $412,000 after purchasing an additional 966 shares in the last quarter.

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

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