Koshinski Asset Management Inc. Has $7.03 Million Position in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Koshinski Asset Management Inc. increased its stake in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 1.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 476,462 shares of the investment management company’s stock after purchasing an additional 6,867 shares during the period. Advent Claymore Convertible Sec & Inc Fd makes up 1.9% of Koshinski Asset Management Inc.’s holdings, making the stock its 3rd biggest holding. Koshinski Asset Management Inc.’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $7,033,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in AVK. Commonwealth Equity Services LLC boosted its position in Advent Claymore Convertible Sec & Inc Fd by 18.4% in the first quarter. Commonwealth Equity Services LLC now owns 36,005 shares of the investment management company’s stock worth $531,000 after purchasing an additional 5,585 shares during the last quarter. Citigroup Inc. lifted its position in shares of Advent Claymore Convertible Sec & Inc Fd by 45.4% during the 1st quarter. Citigroup Inc. now owns 2,592 shares of the investment management company’s stock valued at $39,000 after buying an additional 809 shares during the last quarter. Virtue Capital Management LLC lifted its position in shares of Advent Claymore Convertible Sec & Inc Fd by 18.9% during the 1st quarter. Virtue Capital Management LLC now owns 12,785 shares of the investment management company’s stock valued at $189,000 after buying an additional 2,029 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Advent Claymore Convertible Sec & Inc Fd by 25.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 32,698 shares of the investment management company’s stock valued at $483,000 after buying an additional 6,631 shares during the last quarter. Finally, Icon Wealth Partners LLC purchased a new position in shares of Advent Claymore Convertible Sec & Inc Fd during the 1st quarter valued at $31,000.

Shares of NYSE AVK traded up $0.01 during trading on Thursday, reaching $14.77. 1,327 shares of the stock traded hands, compared to its average volume of 106,063. Advent Claymore Convertible Sec & Inc Fd has a 52-week low of $12.07 and a 52-week high of $15.89.

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.

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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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