Advent Claymore Convertible Sec & Inc Fd (AVK) Insider Michael A. Smart Sells 1,400 Shares

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) insider Michael A. Smart sold 1,400 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $14.99, for a total transaction of $20,986.00. Following the sale, the insider now owns 475 shares of the company’s stock, valued at $7,120.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of NYSE:AVK opened at $14.92 on Tuesday. 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 Tuesday, April 30th. Investors of record on Monday, April 15th will be given a $0.1172 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $1.41 annualized dividend and a dividend yield of 9.43%.

Large investors have recently modified their holdings of the stock. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the 3rd quarter valued at approximately $56,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the 4th quarter valued at approximately $74,000. Millennium Management LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the 4th quarter valued at approximately $142,000. Two Sigma Securities LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the 4th quarter valued at approximately $210,000. Finally, Mutual Advisors LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the 3rd quarter valued at approximately $246,000.

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

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