Advent Convertible and Income Fund Announces Monthly Dividend of $0.12 (NYSE:AVK)

Advent Convertible and Income Fund (NYSE:AVKGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Stockholders of record on Monday, April 15th will be given a dividend of 0.117 per share by the investment management company on Tuesday, April 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.93%. The ex-dividend date is Friday, April 12th.

Advent Convertible and Income Fund Trading Down 0.6 %

AVK traded down $0.07 during trading on Wednesday, hitting $11.77. The company’s stock had a trading volume of 64,480 shares, compared to its average volume of 113,977. Advent Convertible and Income Fund has a twelve month low of $9.24 and a twelve month high of $12.16. The firm’s 50 day moving average price is $11.84 and its 200-day moving average price is $11.00.

Institutional Investors Weigh In On Advent Convertible and Income Fund

Several hedge funds have recently modified their holdings of the stock. Money Concepts Capital Corp purchased a new stake in shares of Advent Convertible and Income Fund during the 4th quarter valued at about $36,000. JPMorgan Chase & Co. acquired a new stake in shares of Advent Convertible and Income Fund in the 4th quarter valued at about $69,000. Harbour Investments Inc. boosted its holdings in shares of Advent Convertible and Income Fund by 4,295.6% in the 1st quarter. Harbour Investments Inc. now owns 7,956 shares of the investment management company’s stock valued at $92,000 after buying an additional 7,775 shares during the period. Jaffetilchin Investment Partners LLC bought a new position in shares of Advent Convertible and Income Fund during the second quarter valued at approximately $119,000. Finally, Susquehanna International Group LLP bought a new stake in shares of Advent Convertible and Income Fund in the 4th quarter worth approximately $133,000.

Advent Convertible and Income Fund Company Profile

(Get Free Report)

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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Dividend History for Advent Convertible and Income Fund (NYSE:AVK)

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