Windsor Capital Management LLC Reduces Position in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)

Windsor Capital Management LLC decreased its stake in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,023 shares of the investment management company’s stock after selling 3,222 shares during the period. Advent Claymore Convertible Sec & Inc Fd accounts for 0.9% of Windsor Capital Management LLC’s investment portfolio, making the stock its 29th biggest position. Windsor Capital Management LLC’s holdings in Advent Claymore Convertible Sec & Inc Fd were worth $1,852,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Icon Wealth Partners LLC acquired a new position in Advent Claymore Convertible Sec & Inc Fd in the first quarter valued at $31,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Advent Claymore Convertible Sec & Inc Fd during the second quarter worth about $47,000. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 20.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 7,126 shares of the investment management company’s stock worth $105,000 after purchasing an additional 1,227 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Advent Claymore Convertible Sec & Inc Fd during the fourth quarter worth about $142,000. Finally, Virtue Capital Management LLC lifted its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 18.9% during the first quarter. Virtue Capital Management LLC now owns 12,785 shares of the investment management company’s stock worth $189,000 after purchasing an additional 2,029 shares in the last quarter.

Shares of AVK traded up $0.04 during midday trading on Friday, reaching $14.19. 3,694 shares of the company were exchanged, compared to its average volume of 104,684. The stock has a 50-day moving average price of $14.82 and a 200-day moving average price of $14.67. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $12.07 and a 1-year high of $15.89.

The business also recently disclosed a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 9.89%. The ex-dividend date of this dividend is Wednesday, August 14th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09.

Advent Claymore Convertible Sec & Inc Fd 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.

Featured Article: What are the benefits of a balanced fund?

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

Receive News & Ratings for Advent Claymore Convertible Sec & Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Claymore Convertible Sec & Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.