Mid Atlantic Financial Management Inc. ADV Has $1.40 Million Position in Advent Claymore Convertible Sec & Inc Fd (AVK)

Mid Atlantic Financial Management Inc. ADV boosted its holdings in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,119 shares of the investment management company’s stock after purchasing an additional 1,360 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $1,404,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the fourth quarter worth about $74,000. Millennium Management LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the fourth quarter worth about $142,000. Two Sigma Securities LLC purchased a new stake in shares of Advent Claymore Convertible Sec & Inc Fd in the fourth quarter worth about $210,000. We Are One Seven LLC lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 9.8% in the first quarter. We Are One Seven LLC now owns 17,074 shares of the investment management company’s stock worth $252,000 after acquiring an additional 1,517 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 14.4% in the first quarter. Capital Investment Advisors LLC now owns 26,594 shares of the investment management company’s stock worth $393,000 after acquiring an additional 3,342 shares in the last quarter.

Shares of NYSE:AVK traded down $0.04 during trading on Friday, hitting $14.80. The company’s stock had a trading volume of 12,707 shares, compared to its average volume of 104,201. Advent Claymore Convertible Sec & Inc Fd has a fifty-two week low of $12.07 and a fifty-two week high of $15.89.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be paid a $0.1172 dividend. This represents a $1.41 annualized dividend and a dividend yield of 9.51%. The ex-dividend date is Tuesday, May 14th.

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Advent Claymore Convertible Sec & Inc Fd Company Profile

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.

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

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