Advent Convertible and Income Fund (AVK) to Issue Monthly Dividend of $0.12 on July 31st

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be given a dividend of 0.1172 per share by the investment management company on Thursday, July 31st. This represents a $1.41 dividend on an annualized basis and a yield of 11.40%. The ex-dividend date is Tuesday, July 15th.

Advent Convertible and Income Fund Trading Down 0.2%

Advent Convertible and Income Fund stock opened at $12.34 on Friday. The stock has a 50-day moving average price of $11.78 and a 200 day moving average price of $11.68. Advent Convertible and Income Fund has a 52 week low of $9.75 and a 52 week high of $12.97.

Institutional Trading of Advent Convertible and Income Fund

An institutional investor recently raised its position in Advent Convertible and Income Fund stock. Geneos Wealth Management Inc. boosted its holdings in Advent Convertible and Income Fund (NYSE:AVK) by 301.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,975 shares of the investment management company’s stock after buying an additional 2,984 shares during the period. Geneos Wealth Management Inc.’s holdings in Advent Convertible and Income Fund were worth $46,000 at the end of the most recent reporting period.

Advent Convertible and Income Fund 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.