Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.1172 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 11.4%. The ex-dividend date of this dividend is Tuesday, September 15th.
Advent Convertible and Income Fund Price Performance
AVK opened at $12.35 on Thursday. The company has a 50-day moving average of $12.70 and a 200-day moving average of $12.50. Advent Convertible and Income Fund has a 1-year low of $10.77 and a 1-year high of $13.28.
Institutional Trading of Advent Convertible and Income Fund
Several institutional investors and hedge funds have recently bought and sold shares of AVK. Ameritas Advisory Services LLC increased its holdings in shares of Advent Convertible and Income Fund by 18.2% in the 2nd quarter. Ameritas Advisory Services LLC now owns 39,309 shares of the investment management company’s stock valued at $515,000 after acquiring an additional 6,063 shares during the last quarter. Benjamin Edwards Inc. boosted its holdings in Advent Convertible and Income Fund by 7.3% in the second quarter. Benjamin Edwards Inc. now owns 20,255 shares of the investment management company’s stock worth $265,000 after purchasing an additional 1,385 shares during the period. IMC Chicago LLC acquired a new position in Advent Convertible and Income Fund in the second quarter worth $140,000. Beacon Pointe Advisors LLC bought a new stake in Advent Convertible and Income Fund during the second quarter valued at $204,000. Finally, Equitable Holdings Inc. bought a new stake in Advent Convertible and Income Fund during the second quarter valued at $243,000.
Advent Convertible and Income Fund Company Profile
Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.
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