Press coverage about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) has trended positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 45.9227262256524 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Advent Claymore Convertible Sec & Inc Fd (AVK) traded down 0.31% during mid-day trading on Tuesday, hitting $16.29. 29,508 shares of the company traded hands. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $13.33 and a 1-year high of $16.80. The firm’s 50 day moving average price is $16.10 and its 200-day moving average price is $16.06.
The company also recently declared a monthly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be issued a $0.1146 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 8.42%. The ex-dividend date is Thursday, October 12th. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11.
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In other Advent Claymore Convertible Sec & Inc Fd news, major shareholder Saba Capital Management, L.P. sold 4,185 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $16.45, for a total value of $68,843.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 267,505 shares of company stock worth $4,343,291.
About Advent Claymore Convertible Sec & Inc Fd
Advent Claymore Convertible Securities and Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of capital appreciation and current income. Under normal market conditions, the Fund invests approximately 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities.