Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1172 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Friday, May 15th.
Advent Convertible and Income Fund Stock Up 0.2%
Shares of AVK traded up $0.03 during trading hours on Wednesday, hitting $12.83. The stock had a trading volume of 13,758 shares, compared to its average volume of 166,560. The company’s fifty day moving average is $12.10 and its two-hundred day moving average is $12.45. Advent Convertible and Income Fund has a 52 week low of $10.77 and a 52 week high of $13.10.
Institutional Trading of Advent Convertible and Income Fund
Several hedge funds have recently modified their holdings of the company. FCA Corp TX increased its holdings in Advent Convertible and Income Fund by 6.0% during the 4th quarter. FCA Corp TX now owns 231,225 shares of the investment management company’s stock valued at $2,900,000 after purchasing an additional 13,039 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Advent Convertible and Income Fund by 17.5% in the fourth quarter. Benjamin Edwards Inc. now owns 19,093 shares of the investment management company’s stock worth $239,000 after purchasing an additional 2,850 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Advent Convertible and Income Fund by 3.5% during the fourth quarter. International Assets Investment Management LLC now owns 47,636 shares of the investment management company’s stock worth $597,000 after purchasing an additional 1,600 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in shares of Advent Convertible and Income Fund by 4.3% during the fourth quarter. Koshinski Asset Management Inc. now owns 465,158 shares of the investment management company’s stock worth $5,833,000 after purchasing an additional 19,345 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in Advent Convertible and Income Fund by 16.2% during the 4th quarter. Sanctuary Advisors LLC now owns 67,293 shares of the investment management company’s stock worth $844,000 after acquiring an additional 9,389 shares during the last quarter.
About Advent Convertible and Income Fund
Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.
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