Advent Convertible and Income Fund Plans Monthly Dividend of $0.12 (NYSE:AVK)

Advent Convertible and Income Fund (NYSE:AVKGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.117 per share by the investment management company on Tuesday, April 30th. This represents a $1.40 dividend on an annualized basis and a yield of 11.95%. The ex-dividend date is Friday, April 12th.

Advent Convertible and Income Fund Price Performance

NYSE AVK traded down $0.09 during trading hours on Wednesday, hitting $11.75. The company had a trading volume of 66,692 shares, compared to its average volume of 114,034. Advent Convertible and Income Fund has a fifty-two week low of $9.24 and a fifty-two week high of $12.16. The business has a fifty day simple moving average of $11.84 and a 200-day simple moving average of $11.00.

Institutional Trading of Advent Convertible and Income Fund

Several hedge funds have recently bought and sold shares of AVK. Money Concepts Capital Corp acquired a new stake in shares of Advent Convertible and Income Fund in the fourth quarter valued at approximately $36,000. JPMorgan Chase & Co. bought a new position in shares of Advent Convertible and Income Fund in the fourth quarter worth $69,000. Harbour Investments Inc. raised its stake in shares of Advent Convertible and Income Fund by 4,295.6% during the first quarter. Harbour Investments Inc. now owns 7,956 shares of the investment management company’s stock valued at $92,000 after purchasing an additional 7,775 shares in the last quarter. Jaffetilchin Investment Partners LLC acquired a new stake in Advent Convertible and Income Fund in the second quarter worth about $119,000. Finally, High Net Worth Advisory Group LLC grew its position in Advent Convertible and Income Fund by 44.7% in the 1st quarter. High Net Worth Advisory Group LLC now owns 11,432 shares of the investment management company’s stock valued at $179,000 after buying an additional 3,532 shares in the last quarter.

About Advent Convertible and Income Fund

(Get Free Report)

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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Dividend History for Advent Convertible and Income Fund (NYSE:AVK)

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