Advent Claymore Convertible Sec & Inc Fd (AVK) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its stake in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 29.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 259,076 shares of the investment management company’s stock after selling 110,405 shares during the quarter. Sit Investment Associates Inc.’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $4,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Doliver Capital Advisors LP boosted its holdings in Advent Claymore Convertible Sec & Inc Fd by 90.0% in the 3rd quarter. Doliver Capital Advisors LP now owns 43,238 shares of the investment management company’s stock valued at $700,000 after purchasing an additional 20,482 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Advent Claymore Convertible Sec & Inc Fd by 31.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,021 shares of the investment management company’s stock valued at $937,000 after purchasing an additional 13,902 shares during the period. Wells Fargo & Company MN boosted its holdings in Advent Claymore Convertible Sec & Inc Fd by 12.6% in the 2nd quarter. Wells Fargo & Company MN now owns 770,011 shares of the investment management company’s stock valued at $12,436,000 after purchasing an additional 86,131 shares during the period. First Trust Advisors LP boosted its holdings in Advent Claymore Convertible Sec & Inc Fd by 15.5% in the 2nd quarter. First Trust Advisors LP now owns 106,982 shares of the investment management company’s stock valued at $1,728,000 after purchasing an additional 14,372 shares during the period. Finally, Shaker Financial Services LLC bought a new stake in Advent Claymore Convertible Sec & Inc Fd in the 3rd quarter valued at about $1,039,000.

Shares of Advent Claymore Convertible Sec & Inc Fd (AVK) opened at $16.28 on Friday. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $14.85 and a twelve month high of $16.80.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be issued a $0.1164 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.40 dividend on an annualized basis and a yield of 8.58%. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

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Advent Claymore Convertible Sec & Inc Fd Profile

Advent Claymore Convertible Securities and Income Fund is a 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. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.

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Institutional Ownership by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

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