Koshinski Asset Management buys $3,075,066 stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Advent Claymore Convertible Sec & Inc Fd (AVK) : Koshinski Asset Management scooped up 205,250 additional shares in Advent Claymore Convertible Sec & Inc Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 14, 2016. The investment management firm now holds a total of 231,208 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $3,075,066.Advent Claymore Convertible Sec & Inc Fd makes up approximately 1.99% of Koshinski Asset Management’s portfolio.

Advent Claymore Convertible Sec & Inc Fd opened for trading at $13.23 and hit $13.49 on the upside on Monday, eventually ending the session at $13.47, with a gain of 1.28% or 0.17 points. The heightened volatility saw the trading volume jump to 94,295 shares. Company has a market cap of $280 M.

Other Hedge Funds, Including , Capital Investment Advisors reduced its stake in AVK by selling 18,130 shares or 27.08% in the most recent quarter. The Hedge Fund company now holds 48,819 shares of AVK which is valued at $649,293. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.06% of Capital Investment Advisors’s portfolio.Blue Bell Private Wealth Management reduced its stake in AVK by selling 3,050 shares or 53.21% in the most recent quarter. The Hedge Fund company now holds 2,682 shares of AVK which is valued at $35,671. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.02% of Blue Bell Private Wealth Management’s portfolio.

Advent Claymore Convertible Securities and Income Fund is a United States-based diversified closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will also invest at least 60% of its managed assets in convertible securities and may invest up to 40% of its managed assets in non-convertible income securities. The Fund may invest without limitation in foreign securities. Advent Capital Management LLC (Advent) serves as the Fund’s Investment Adviser.

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