Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) insider Advent Capital Management /De/ purchased 15,000 shares of Advent Claymore Convertible Sec & Inc Fd stock in a transaction dated Wednesday, January 9th. The stock was bought at an average cost of $13.53 per share, with a total value of $202,950.00. Following the completion of the transaction, the insider now directly owns 115,000 shares of the company’s stock, valued at $1,555,950. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE AVK traded up $0.17 during mid-day trading on Friday, reaching $13.73. The company had a trading volume of 165,400 shares, compared to its average volume of 160,313. Advent Claymore Convertible Sec & Inc Fd has a 12-month low of $12.07 and a 12-month high of $16.50.
The business also recently declared a monthly dividend, which will be paid on Thursday, January 31st. Stockholders of record on Tuesday, January 15th will be given a $0.117 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.23%. This is a positive change from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.09. The ex-dividend date is Monday, January 14th.
About Advent Claymore Convertible Sec & Inc Fd
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.
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