Advent Claymore Convertible Sec & Inc Fd (AVK) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. decreased its stake in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) by 29.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 259,076 shares of the investment management company’s stock after selling 110,405 shares during the period. Sit Investment Associates Inc. owned 1.10% of Advent Claymore Convertible Sec & Inc Fd worth $4,114,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AVK. First Trust Advisors LP boosted its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 15.5% during the 2nd quarter. First Trust Advisors LP now owns 106,982 shares of the investment management company’s stock worth $1,728,000 after buying an additional 14,372 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 12.6% during the 2nd quarter. Wells Fargo & Company MN now owns 770,011 shares of the investment management company’s stock worth $12,436,000 after buying an additional 86,131 shares during the period. Advisor Group Inc. boosted its holdings in shares of 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 worth $155,000 after buying an additional 198 shares during the period. Doliver Capital Advisors LP bought a new stake in shares of Advent Claymore Convertible Sec & Inc Fd during the 2nd quarter worth about $368,000. Finally, Arete Wealth Advisors LLC boosted its holdings in shares of Advent Claymore Convertible Sec & Inc Fd by 10.1% during the 2nd quarter. Arete Wealth Advisors LLC now owns 159,160 shares of the investment management company’s stock worth $2,570,000 after buying an additional 14,637 shares during the period.

Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) opened at $16.28 on Friday. Advent Claymore Convertible Sec & Inc Fd has a twelve month low of $14.85 and a twelve month high of $16.80.

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.1164 per share. This is an increase from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 8.58%.

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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.

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

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