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. Under normal market conditions, the Fund will invest approximately 30% of its managed assets in convertible securities and may invest up to 70% of its managed assets in non-convertible income securities. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, financial and basic materials. The investment advisor of the Fund is Advent Capital Management, LLC, which specializes in convertible and high-yield securities for institutional and individual investors.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed-End Fund - Debt
- Sub-Industry: N/A
- Symbol: NYSE:AVK
- CUSIP: N/A
- Web: N/A
- 50 Day Moving Avg: $15.86
- 200 Day Moving Avg: $15.30
- 52 Week Range: $13.33 - $16.77
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -810.50
- P/E Growth: 0.00
- Average Volume: 77,155 shs.
Frequently Asked Questions for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
What is Advent Claymore Convertible Sec & Inc Fd's stock symbol?
Advent Claymore Convertible Sec & Inc Fd trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVK."
How often does Advent Claymore Convertible Sec & Inc Fd pay dividends? What is the dividend yield for Advent Claymore Convertible Sec & Inc Fd?
Advent Claymore Convertible Sec & Inc Fd declared a monthly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be paid a dividend of $0.1116 per share on Wednesday, May 31st. This represents a $1.34 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Thursday, May 11th. This is an increase from Advent Claymore Convertible Sec & Inc Fd's previous monthly dividend of $0.09. View Advent Claymore Convertible Sec & Inc Fd's Dividend History.
Who are some of Advent Claymore Convertible Sec & Inc Fd's key competitors?
Who are Advent Claymore Convertible Sec & Inc Fd's key executives?
Advent Claymore Convertible Sec & Inc Fd's management team includes the folowing people:
- Tracy V. Maitland, Chairman of the Board of Trustee, President, Chief Executive Officer
- Robert J. White, Chief Financial Officer, Treasurer
- Edward C. Delk, Chief Compliance Officer, Secretary
- Douglas Teresko, Vice President, Assistant Secretary
- Randall C. Barnes, Independent Trustee
- Daniel L. Black, Independent Trustee
- Derek Medina, Independent Trustee
- Ronald A. Nyberg, Independent Trustee
- Gerald L. Seizert, Independent Trustee
Who owns Advent Claymore Convertible Sec & Inc Fd stock?
Advent Claymore Convertible Sec & Inc Fd's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include
SABA CAPITAL MANAGEMENT, L.P.
(11.10%). Company insiders that own Advent Claymore Convertible Sec & Inc Fd stock include Daniel Black, Gerald L Seizert and Saba Capital Management, LP. View Institutional Ownership Trends for Advent Claymore Convertible Sec & Inc Fd.
How do I buy Advent Claymore Convertible Sec & Inc Fd stock?
Shares of Advent Claymore Convertible Sec & Inc Fd can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Advent Claymore Convertible Sec & Inc Fd's stock price today?
MarketBeat Community Rating for Advent Claymore Convertible Sec & Inc Fd (NYSE AVK)MarketBeat's community ratings are surveys of what our community members think about Advent Claymore Convertible Sec & Inc Fd and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Advent Claymore Convertible Sec & Inc Fd stock can currently be purchased for approximately $16.21.
Consensus Ratings for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) (?) The ratings breakdown includes the most recent rating from each analyst that has rated the stock within the last twelve months. The ratings score is a calculation of the average number of sell, hold, buy and strong buy ratings (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). The consensus price target is a mean average of the most recent price target set by each analyst that has set a price target for the stock in the last twelve months.
|Ratings Breakdown: ||No ratings tracked in the last 12 months.|
|Consensus Rating:||N/A (Score: NaN)|
|Consensus Price Target: ||N/A|
Analysts' Ratings History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
No equities research coverage for this company has been tracked by MarketBeat.com
Earnings History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
No earnings announcements for this company have been tracked by MarketBeat.com
Earnings Estimates for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
Current Year EPS Consensus Estimate: $-0.02 EPS
Next Year EPS Consensus Estimate: $-0.02 EPS
Current Dividend Information for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||-6,700.00% (Based on This Year's Estimates)|
-6,700.00% (Based on Next Year's Estimates)
Dividend History by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)Insider Trades by Quarter for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|1/17/2017||Saba Capital Management, L.P.||Major Shareholder||Buy||1,899||$15.03||$28,541.97|| |
|1/9/2017||Saba Capital Management, L.P.||Major Shareholder||Buy||15,324||$15.26||$233,844.24|| |
|1/5/2017||Saba Capital Management, L.P.||Major Shareholder||Buy||13,600||$14.89||$202,504.00|| |
|12/29/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||1,600||$14.66||$23,456.00|| |
|12/21/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||16,852||$14.66||$247,050.32|| |
|12/16/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||61,699||$14.64||$903,273.36|| |
|12/14/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||22,580||$14.59||$329,442.20|| |
|12/12/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||22,213||$14.46||$321,199.98|| |
|12/8/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||24,739||$14.42||$356,736.38|| |
|11/4/2016||Gerald L Seizert||Insider||Buy||10,000||$13.42||$134,200.00|| |
|11/2/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||1,243||$13.62||$16,929.66|| |
|9/2/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||4,613||$15.11||$69,702.43|| |
|8/12/2016||Saba Capital Management, L.P.||Major Shareholder||Buy||16,457||$14.68||$241,588.76|| |
|1/5/2016||Daniel Black||Insider||Buy||2,000||$13.71||$27,420.00|| |
|8/26/2015||Gerald L. Seizert||insider||Buy||6,500||$14.55||$94,575.00|| |
|12/30/2014||Gerald L Seizert||Insider||Buy||2,000||$16.25||$32,500.00|| |
|10/10/2014||Randall C Barnes||Insider||Buy||1,000||$16.66||$16,660.00|| |
|2/18/2014||Randall C Barnes||Insider||Sell||2,388||$18.78||$44,846.64|| |
|1/22/2014||Randall C Barnes||Insider||Sell||5,000||$18.75||$93,750.00|| |
|1/2/2014||Gerald L Seizert||Insider||Buy||3,000||$18.33||$54,990.00|| |
|12/18/2012||Gerald L Seizert||Insider||Buy||1,500||$15.96||$23,940.00|| |
Headline Trends for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
Latest Headlines for Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK)
Advent Claymore Convertible Sec & Inc Fd (AVK) Chart for Monday, May, 29, 2017