News articles about Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) have trended positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Advent Claymore Convertible Sec & Inc Fd earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 47.6840312750603 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Shares of Advent Claymore Convertible Sec & Inc Fd (NYSE:AVK) traded down 0.19% during trading on Friday, hitting $16.01. 74,041 shares of the stock traded hands. The company has a 50 day moving average of $16.31 and a 200-day moving average of $15.97. Advent Claymore Convertible Sec & Inc Fd has a 1-year low of $13.33 and a 1-year high of $16.80.
The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a $0.1138 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is a boost from Advent Claymore Convertible Sec & Inc Fd’s previous monthly dividend of $0.11. This represents a $1.37 dividend on an annualized basis and a dividend yield of 8.53%.
In other news, major shareholder Saba Capital Management, L.P. sold 4,185 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $16.45, for a total value of $68,843.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 120,534 shares of company stock valued at $1,984,262.
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Advent Claymore Convertible Sec & Inc Fd Company Profile
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.
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