Advent Convertible and Income Fund (NYSE:AVK) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Posted by Brenda Bartman on Sep 11th, 2026

Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.49 and traded as low as $12.30. Advent Convertible and Income Fund shares last traded at $12.3610, with a volume of 77,249 shares traded.

Advent Convertible and Income Fund Stock Performance

The firm’s 50 day moving average is $12.61 and its 200-day moving average is $12.49.

Advent Convertible and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1172 per share. This represents a c) annualized dividend and a dividend yield of 11.5%. The ex-dividend date is Tuesday, September 15th.

Institutional Investors Weigh In On Advent Convertible and Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in AVK. NewEdge Advisors LLC lifted its position in Advent Convertible and Income Fund by 44.6% during the second quarter. NewEdge Advisors LLC now owns 96,524 shares of the investment management company’s stock worth $1,264,000 after buying an additional 29,770 shares in the last quarter. Ameritas Advisory Services LLC boosted its stake in Advent Convertible and Income Fund by 18.2% during the second quarter. Ameritas Advisory Services LLC now owns 39,309 shares of the investment management company’s stock worth $515,000 after buying an additional 6,063 shares during the last quarter. Benjamin Edwards Inc. grew its holdings in Advent Convertible and Income Fund by 7.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 20,255 shares of the investment management company’s stock valued at $265,000 after buying an additional 1,385 shares in the last quarter. IMC Chicago LLC purchased a new stake in Advent Convertible and Income Fund in the 2nd quarter valued at $140,000. Finally, Beacon Pointe Advisors LLC acquired a new stake in shares of Advent Convertible and Income Fund in the 2nd quarter worth $204,000.

About Advent Convertible and Income Fund

(Get Free Report)

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.