Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.1172 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 10.7%. The ex-dividend date is Monday, June 15th.
Advent Convertible and Income Fund Price Performance
Shares of AVK opened at $13.15 on Tuesday. The company’s fifty day moving average is $12.26 and its two-hundred day moving average is $12.44. Advent Convertible and Income Fund has a 1 year low of $10.77 and a 1 year high of $13.16.
Hedge Funds Weigh In On Advent Convertible and Income Fund
Institutional investors have recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in Advent Convertible and Income Fund in the 4th quarter valued at $34,000. Geneos Wealth Management Inc. increased its stake in Advent Convertible and Income Fund by 301.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,975 shares of the investment management company’s stock valued at $46,000 after buying an additional 2,984 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in Advent Convertible and Income Fund in the 1st quarter valued at $53,000. Atlantic Union Bankshares Corp acquired a new position in Advent Convertible and Income Fund in the 3rd quarter valued at $60,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in Advent Convertible and Income Fund in the 1st quarter valued at $114,000.
About Advent Convertible and Income Fund
Advent Convertible and Income Fund (NYSE: AVK) is a diversified, closed-end management investment company that seeks to provide total return through current income and capital appreciation. The Fund is managed by Advent Capital Management, LLC, an SEC-registered investment adviser, and trades on the New York Stock Exchange under the ticker AVK. It offers investors a blend of equity and fixed-income exposures through a single vehicle designed to deliver regular distributions.
The Fund’s core strategy centers on convertible securities—such as convertible bonds and preferred stocks—issued by U.S.
Featured Articles
- Five stocks we like better than Advent Convertible and Income Fund
- Will the SpaceX IPO Put These 5 Public Space Stocks Into a Higher Orbit?
- Palantir’s Drone Tailwind Puts Its Defense AI Story Back in Focus for Investors
- Why 1 Little-Known ETF Is Riding the AI Chip Shortage
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
Receive News & Ratings for Advent Convertible and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Convertible and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
