Koshinski Asset Management buys $3,442,802 stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Advent Claymore Convertible Sec & Inc Fd (AVK) : Koshinski Asset Management scooped up 2,678 additional shares in Advent Claymore Convertible Sec & Inc Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 233,886 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $3,442,802.Advent Claymore Convertible Sec & Inc Fd makes up approximately 1.75% of Koshinski Asset Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisor Networks boosted its stake in AVK in the latest quarter, The investment management firm added 6,084 additional shares and now holds a total of 25,216 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $371,180. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.02% of Cetera Advisor Networks’s portfolio.Advisors Asset Management boosted its stake in AVK in the latest quarter, The investment management firm added 19,235 additional shares and now holds a total of 327,632 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $4,822,743. Advent Claymore Convertible Sec & Inc Fd makes up approx 0.08% of Advisors Asset Management’s portfolio.Mariner Investment Group boosted its stake in AVK in the latest quarter, The investment management firm added 139,558 additional shares and now holds a total of 245,541 shares of Advent Claymore Convertible Sec & Inc Fd which is valued at $3,567,711. Advent Claymore Convertible Sec & Inc Fd makes up approx 1.16% of Mariner Investment Group’s portfolio. Shaker Financial Services sold out all of its stake in AVK during the most recent quarter. The investment firm sold 16,900 shares of AVK which is valued $245,557.

Advent Claymore Convertible Sec & Inc Fd closed down -0.03 points or -0.20% at $14.8 with 73,338 shares getting traded on Friday. Post opening the session at $14.75, the shares hit an intraday low of $14.7274 and an intraday high of $14.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Advent Claymore Convertible Securities and Income Fund is a United States-based 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. The Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. The Fund will also invest at least 60% of its managed assets in convertible securities and may invest up to 40% of its managed assets in non-convertible income securities. The Fund may invest without limitation in foreign securities. Advent Capital Management LLC (Advent) serves as the Fund’s Investment Adviser.

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