Windsor Capital Management Lowers stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Advent Claymore Convertible Sec & Inc Fd (AVK) : Windsor Capital Management reduced its stake in Advent Claymore Convertible Sec & Inc Fd by 9.32% during the most recent quarter end. The investment management company now holds a total of 336,975 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $4.5 Million after selling 34,616 shares in Advent Claymore Convertible Sec & Inc Fd , the firm said in a disclosure report filed with the SEC on May 11, 2016.Advent Claymore Convertible Sec & Inc Fd makes up approximately 2.81% of Windsor Capital Management’s portfolio.

Other Hedge Funds, Including , Landscape Capital Management L.l.c. reduced its stake in AVK by selling 13,052 shares or 7.33% in the most recent quarter. The Hedge Fund company now holds 164,928 shares of AVK which is valued at $2.2 Million. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.27% of Landscape Capital Management L.l.c.’s portfolio.First Trust Advisors Lp boosted its stake in AVK in the latest quarter, The investment management firm added 11,078 additional shares and now holds a total of 67,966 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $916,182.Oxbow Advisors reduced its stake in AVK by selling 28,027 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 943,687 shares of AVK which is valued at $12.9 Million. Advent Claymore Convertible Sec & Inc Fd makes up approx 1.79% of Oxbow Advisors’s portfolio.Midas Management Corp reduced its stake in AVK by selling 6,500 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 134,500 shares of AVK which is valued at $1.9 Million. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.96% of Midas Management Corp’s portfolio.Chicago Partners Investment Group reduced its stake in AVK by selling 282 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 3,355 shares of AVK which is valued at $46,869. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.02% of Chicago Partners Investment Group’s portfolio.

Advent Claymore Convertible Sec & Inc Fd opened for trading at $13.47 and hit $13.64 on the upside on Monday, eventually ending the session at $13.54, with a gain of 0.45% or 0.06 points. The heightened volatility saw the trading volume jump to 1,16,337 shares. Company has a market cap of $282 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.