13,662 Shares in Advent Claymore Convertible Sec & Inc Fd (AVK) Acquired by Sigma Planning Corp

Sigma Planning Corp bought a new position in shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 13,662 shares of the investment management company’s stock, valued at approximately $217,000.

A number of other institutional investors also recently bought and sold shares of the stock. Shaker Financial Services LLC purchased a new position in Advent Claymore Convertible Sec & Inc Fd during the third quarter worth approximately $1,039,000. Doliver Capital Advisors LP boosted its position in Advent Claymore Convertible Sec & Inc Fd by 90.0% during the third quarter. Doliver Capital Advisors LP now owns 43,238 shares of the investment management company’s stock worth $700,000 after purchasing an additional 20,482 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Advent Claymore Convertible Sec & Inc Fd during the fourth quarter worth approximately $270,000. Raymond James Financial Services Advisors Inc. boosted its position in Advent Claymore Convertible Sec & Inc Fd by 31.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,021 shares of the investment management company’s stock worth $937,000 after purchasing an additional 13,902 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in Advent Claymore Convertible Sec & Inc Fd by 12.8% during the third quarter. First Trust Advisors LP now owns 120,640 shares of the investment management company’s stock worth $1,953,000 after purchasing an additional 13,658 shares in the last quarter.

Advent Claymore Convertible Sec & Inc Fd (NYSE AVK) opened at $15.48 on Friday. Advent Claymore Convertible Sec & Inc Fd has a 1 year low of $14.62 and a 1 year high of $16.80.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.117 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 9.07%. This is an increase 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.

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

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