Measured Wealth Private Client Group LLC Lowers Stake in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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Measured Wealth Private Client Group LLC reduced its position in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 5.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,209 shares of the investment management company’s stock after selling 1,600 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $440,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AVK. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 12.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 7,981 shares of the investment management company’s stock worth $120,000 after buying an additional 855 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 1.6% during the 2nd quarter. Quad Cities Investment Group LLC now owns 53,960 shares of the investment management company’s stock worth $814,000 after buying an additional 859 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 6.8% during the 2nd quarter. Mutual Advisors LLC now owns 16,815 shares of the investment management company’s stock worth $253,000 after buying an additional 1,072 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Advent Claymore Convertible Sec & Inc Fd during the 3rd quarter worth approximately $27,000. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Advent Claymore Convertible Sec & Inc Fd during the 2nd quarter worth approximately $47,000.

Shares of NYSE AVK traded up $0.05 during midday trading on Friday, reaching $14.52. 1,400 shares of the stock were exchanged, compared to its average volume of 107,629. The company has a 50 day simple moving average of $14.50 and a 200 day simple moving average of $14.68. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $12.07 and a twelve month high of $15.20.

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a dividend of $0.117 per share. The ex-dividend date is Friday, October 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.67%.

In other news, insider Michael A. Smart purchased 4,697 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average price of $14.24 per share, for a total transaction of $66,885.28. Following the acquisition, the insider now directly owns 4,805 shares of the company’s stock, valued at $68,423.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 6,913 shares of company stock valued at $88,726 in the last 90 days.

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.

Further Reading: How does a dividend reinvestment plan work?

Institutional Ownership by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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