Jd Capital Management adds Advent Claymore Convertible Sec & Inc Fd (AVK) to its portfolio

Advent Claymore Convertible Sec & Inc Fd (AVK) : Jd Capital Management added new position in Advent Claymore Convertible Sec & Inc Fd during the most recent quarter end. The investment management firm now holds 10,063 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $135,649 , the company said in a statement filed on May 13, 2016 with the SEC.Advent Claymore Convertible Sec & Inc Fd makes up approximately 1.24% of Jd Capital Management’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in AVK by selling 760 shares or 11.41% in the most recent quarter. The Hedge Fund company now holds 5,900 shares of AVK which is valued at $79,532. Financial Architects Inc added AVK to its portfolio by purchasing 1,087 company shares during the most recent quarter which is valued at $14,653. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.01% of Financial Architects Inc’s portfolio.Shaker Financial Services reduced its stake in AVK by selling 25,787 shares or 60.41% in the most recent quarter. The Hedge Fund company now holds 16,900 shares of AVK which is valued at $227,812. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.16% of Shaker Financial Services’s portfolio.Cibc World Markets boosted its stake in AVK in the latest quarter, The investment management firm added 167 additional shares and now holds a total of 11,289 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $154,885.Mariner Investment Group reduced its stake in AVK by selling 100 shares or 0.09% in the most recent quarter. The Hedge Fund company now holds 105,983 shares of AVK which is valued at $1.5 Million. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.40% of Mariner Investment Group’s portfolio.

Advent Claymore Convertible Sec & Inc Fd opened for trading at $13.69 and hit $13.755 on the upside on Wednesday, eventually ending the session at $13.73, with a gain of 0.73% or 0.1 points. The heightened volatility saw the trading volume jump to 80,303 shares. Company has a market cap of $286 M.

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.

Leave a Reply

Advent Claymore Convertible Sec & Inc Fd - Is it time to Sell?

Top Brokerage Firms are advising their investors on Advent Claymore Convertible Sec & Inc Fd. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.