Bulldog Investors Lowers stake in Advent/Claymore Enhanced Growth & Income (LCM)

Advent/Claymore Enhanced Growth & Income (LCM) : Bulldog Investors reduced its stake in Advent/Claymore Enhanced Growth & Income by 0.36% during the most recent quarter end. The investment management company now holds a total of 1,461,794 shares of Advent/Claymore Enhanced Growth & Income which is valued at $12,162,126 after selling 5,230 shares in Advent/Claymore Enhanced Growth & Income , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Advent/Claymore Enhanced Growth & Income makes up approximately 3.07% of Bulldog Investors’s portfolio.

Other Hedge Funds, Including , Raymond James Financial Services Advisors reduced its stake in LCM by selling 1,850 shares or 5.18% in the most recent quarter. The Hedge Fund company now holds 33,833 shares of LCM which is valued at $281,491.Raymond James Associates boosted its stake in LCM in the latest quarter, The investment management firm added 5,870 additional shares and now holds a total of 67,213 shares of Advent/Claymore Enhanced Growth & Income which is valued at $559,212.Thomas J. Herzfeld Advisors reduced its stake in LCM by selling 3,350 shares or 5.71% in the most recent quarter. The Hedge Fund company now holds 55,364 shares of LCM which is valued at $460,628. Advent/Claymore Enhanced Growth & Income makes up approx 0.23% of Thomas J. Herzfeld Advisors’s portfolio.Advisors Asset Management boosted its stake in LCM in the latest quarter, The investment management firm added 4,881 additional shares and now holds a total of 138,130 shares of Advent/Claymore Enhanced Growth & Income which is valued at $1,147,860. Advent/Claymore Enhanced Growth & Income makes up approx 0.02% of Advisors Asset Management’s portfolio.Sit Investment Associates Inc boosted its stake in LCM in the latest quarter, The investment management firm added 183,013 additional shares and now holds a total of 439,949 shares of Advent/Claymore Enhanced Growth & Income which is valued at $3,792,360. Advent/Claymore Enhanced Growth & Income makes up approx 0.10% of Sit Investment Associates Inc’s portfolio.

Advent/Claymore Enhanced Growth & Income (LCM) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $8.35 and reached the intraday high at $8.4. The bulls started the profit booking and pushed the shares to intraday low of $8.35. The trading session was marked by a volume range of 36,790 shares exchanging hands. The 52-week high of the shares is $8.963 and the 52-week low is $6.91. The market cap of the company stands at $105 M and there are 1,25,50,000 shares in public circulation.

Advent/Claymore Enhanced Growth & Income Fund is a diversified closed-end management investment company. The Fund’s primary investment objective is to seek current income and current gains from trading in securities with a secondary objective of long-term capital appreciation. The Fund invests approximately 70% of its managed assets in a range of equity securities and convertible securities of United States and non-United States issuers and approximately 30% of its managed assets in non-convertible high-yield securities. Additionally the Fund engages in a strategy of selling covered call options on a portion of the securities held in the Fund’s portfolio thus generating option writing premiums. It invests in sectors including consumer communications basic materials financial utilities industrial and energy. Advent Capital Management LLC serves as the Fund’s investment manager. The Fund’s investment adviser is Guggenheim Funds Investment Advisors LLC.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Advent/Claymore Enhanced Growth & Income - Is it time to Sell?

Top Brokerage Firms are advising their investors on Advent/Claymore Enhanced Growth & Income. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.