Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) Insider Purchases $66,885.28 in Stock

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) insider Michael A. Smart purchased 4,697 shares of Advent Claymore Convertible Sec & Inc Fd stock in a transaction dated Tuesday, September 3rd. The shares were bought at an average cost of $14.24 per share, for a total transaction of $66,885.28. Following the transaction, the insider now directly owns 4,805 shares of the company’s stock, valued at approximately $68,423.20. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

NYSE AVK traded up $0.02 during trading hours on Friday, reaching $14.63. The company’s stock had a trading volume of 15,687 shares, compared to its average volume of 106,687. The business has a 50-day simple moving average of $14.50 and a 200 day simple moving average of $14.67. Advent Claymore Convertible Sec & Inc Fd has a 52 week low of $12.07 and a 52 week high of $15.85.

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.117 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.40 dividend on an annualized basis and a yield of 9.60%. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.

Several large investors have recently made changes to their positions in the business. Parametric Portfolio Associates LLC increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 3.4% in the second quarter. Parametric Portfolio Associates LLC now owns 1,340,958 shares of the investment management company’s stock valued at $20,195,000 after purchasing an additional 44,480 shares during the period. Raymond James & Associates increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 2.8% in the first quarter. Raymond James & Associates now owns 1,235,125 shares of the investment management company’s stock valued at $18,230,000 after purchasing an additional 33,078 shares during the period. Wells Fargo & Company MN increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 2.0% in the second quarter. Wells Fargo & Company MN now owns 589,855 shares of the investment management company’s stock valued at $8,883,000 after purchasing an additional 11,523 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 1.5% in the first quarter. Koshinski Asset Management Inc. now owns 476,462 shares of the investment management company’s stock valued at $7,033,000 after purchasing an additional 6,867 shares during the period. Finally, Morgan Stanley increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 4.2% in the second quarter. Morgan Stanley now owns 465,588 shares of the investment management company’s stock valued at $7,012,000 after purchasing an additional 18,829 shares during the period.

About Advent Claymore Convertible Sec & Inc Fd

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

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