Mariner Investment Group buys $3,567,711 stake in Advent Claymore Convertible Sec & Inc Fd (AVK)

Advent Claymore Convertible Sec & Inc Fd (AVK) : Mariner Investment Group scooped up 139,558 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 3, 2016. The investment management firm 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 approximately 1.16% of Mariner Investment Group’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in AVK during the most recent quarter. The investment firm sold 34,175 shares of AVK which is valued $496,563. 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. Midas Management Corp sold out all of its stake in AVK during the most recent quarter. The investment firm sold 134,500 shares of AVK which is valued $1,979,840. Deschutes Portfolio Strategy sold out all of its stake in AVK during the most recent quarter. The investment firm sold 250,400 shares of AVK which is valued $3,575,712. Creative Planning added AVK to its portfolio by purchasing 13 company shares during the most recent quarter which is valued at $185.

Advent Claymore Convertible Sec & Inc Fd (AVK) 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 $14.67 and reached the intraday high at $14.72. The bulls started the profit booking and pushed the shares to intraday low of $14.61. The trading session was marked by a volume range of 85,700 shares exchanging hands. The 52-week high of the shares is $16.1599 and the 52-week low is $10.92. The market cap of the company stands at $305 M and there are 2,08,00,000 shares in public circulation.

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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