Advent Capital Management /De/ Sells 469,000 Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) Stock

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) insider Advent Capital Management /De/ sold 469,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $6.19, for a total transaction of $2,903,110.00. Following the completion of the sale, the insider now directly owns 390,544 shares in the company, valued at approximately $2,417,467.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Advent Capital Management /De/ also recently made the following trade(s):

  • On Friday, August 11th, Advent Capital Management /De/ sold 75,000 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.10, for a total transaction of $457,500.00.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) opened at 6.04 on Friday. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a one year low of $5.25 and a one year high of $6.49. The firm has a 50-day moving average of $6.20 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. Stockholders of record on Friday, September 15th will be issued a dividend of $0.047 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date is Thursday, September 14th.

TRADEMARK VIOLATION WARNING: “Advent Capital Management /De/ Sells 469,000 Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) Stock” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/09/17/advent-capital-management-de-sells-469000-shares-of-advent-claymore-convertible-securities-and-income-fund-of-beneficial-interest-agc-stock.html.

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