Shaker Financial Services LLC Acquires New Stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Shaker Financial Services LLC acquired a new stake in Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 64,182 shares of the investment management company’s stock, valued at approximately $1,039,000. Shaker Financial Services LLC owned approximately 0.27% of Advent Claymore Convertible Sec & Inc Fd at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IHT Wealth Management LLC increased its stake in shares of Advent Claymore Convertible Sec & Inc Fd by 2.0% during the 2nd quarter. IHT Wealth Management LLC now owns 619 shares of the investment management company’s stock worth $289,000 after purchasing an additional 12 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 1.7% during the 2nd quarter. Advisory Services Network LLC now owns 11,244 shares of the investment management company’s stock worth $182,000 after acquiring an additional 185 shares during the period. Advisor Group Inc. lifted its holdings in Advent Claymore Convertible Sec & Inc Fd by 2.1% during the 2nd quarter. Advisor Group Inc. now owns 9,595 shares of the investment management company’s stock valued at $155,000 after purchasing an additional 198 shares during the last quarter. Royal Bank of Canada lifted its holdings in Advent Claymore Convertible Sec & Inc Fd by 6.5% during the 2nd quarter. Royal Bank of Canada now owns 8,447 shares of the investment management company’s stock valued at $136,000 after purchasing an additional 512 shares during the last quarter. Finally, Edmonds Duncan Registered Investment Advisors LLC lifted its holdings in Advent Claymore Convertible Sec & Inc Fd by 6.8% during the 2nd quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 41,239 shares of the investment management company’s stock valued at $666,000 after purchasing an additional 2,608 shares during the last quarter.

Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) opened at $15.83 on Wednesday. Advent Claymore Convertible Sec & Inc Fd has a 12 month low of $14.06 and a 12 month high of $16.80.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.116 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.39 dividend on an annualized basis and a yield of 8.79%. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12.

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Advent Claymore Convertible Sec & Inc Fd Company Profile

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.

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

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