Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 36,165 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $6.08, for a total transaction of $219,883.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Thursday, September 14th, Saba Capital Management, L.P. sold 55,529 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.04, for a total transaction of $335,395.16.
  • On Friday, September 8th, Saba Capital Management, L.P. sold 56,600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.12, for a total transaction of $346,392.00.
  • On Wednesday, September 6th, Saba Capital Management, L.P. sold 129,083 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.21, for a total transaction of $801,605.43.
  • On Friday, September 1st, Saba Capital Management, L.P. sold 93,468 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.18, for a total transaction of $577,632.24.
  • On Tuesday, August 29th, Saba Capital Management, L.P. sold 14,934 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.15, for a total transaction of $91,844.10.
  • On Friday, August 25th, Saba Capital Management, L.P. sold 2,900 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.15, for a total transaction of $17,835.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 2,999 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.17, for a total transaction of $18,503.83.
  • On Monday, August 21st, Saba Capital Management, L.P. sold 600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.19, for a total transaction of $3,714.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 64,970 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.32, for a total transaction of $410,610.40.
  • On Monday, August 7th, Saba Capital Management, L.P. sold 20,597 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The stock was sold at an average price of $6.34, for a total transaction of $130,584.98.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) traded up 0.0593% during trading on Thursday, hitting $6.0736. 33,986 shares of the stock traded hands. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 52-week low of $5.25 and a 52-week high of $6.49. The stock has a 50 day moving average of $6.18 and a 200 day moving average of $6.22.

The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.047 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a yield of 9.29%.

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A number of hedge funds and other institutional investors have recently modified their holdings of AGC. Robinson Capital Management LLC boosted its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 241.2% in the second quarter. Robinson Capital Management LLC now owns 279,513 shares of the exchange traded fund’s stock valued at $1,741,000 after buying an additional 197,601 shares during the last quarter. Shaker Financial Services LLC boosted its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 415.9% in the second quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock valued at $626,000 after buying an additional 81,000 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest in the 2nd quarter worth approximately $305,000. JPMorgan Chase & Co. boosted its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,003,308 shares of the exchange traded fund’s stock worth $6,251,000 after purchasing an additional 22,322 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 1.5% in the 2nd quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 966 shares in the last quarter.

Insider Buying and Selling by Quarter for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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