Advisory Services Network buys $156,672 stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Advent Claymore Convertible Sec & Inc Fd (AVK) : Advisory Services Network scooped up 10,663 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 Oct 7, 2016. The investment management firm now holds a total of 10,880 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $156,672.Advent Claymore Convertible Sec & Inc Fd makes up approximately 0.03% of Advisory Services Network’s portfolio.

Advent Claymore Convertible Sec & Inc Fd closed down -0.05 points or -0.35% at $14.4 with 63,599 shares getting traded on Friday. Post opening the session at $14.48, the shares hit an intraday low of $14.3 and an intraday high of $14.545 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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