Advent Convertible and Income Fund (NYSE:AVK – Get Rating) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.75 and traded as low as $11.39. Advent Convertible and Income Fund shares last traded at $11.55, with a volume of 78,279 shares traded.
Advent Convertible and Income Fund Price Performance
The firm has a 50 day moving average price of $11.72 and a 200 day moving average price of $11.76.
Get Advent Convertible and Income Fund alerts:Advent Convertible and Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, April 28th. Investors of record on Friday, April 14th were paid a dividend of $0.1172 per share. This represents a $1.41 annualized dividend and a yield of 11.97%. The ex-dividend date of this dividend was Thursday, April 13th. This is an increase from Advent Convertible and Income Fund's previous monthly dividend of $0.12.
Institutional Trading of Advent Convertible and Income Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wealth Management Solutions LLC raised its stake in Advent Convertible and Income Fund by 3.1% during the 3rd quarter. Wealth Management Solutions LLC now owns 51,049 shares of the investment management company's stock valued at $543,000 after purchasing an additional 1,543 shares during the period. FCA Corp TX raised its stake in Advent Convertible and Income Fund by 2.8% during the 3rd quarter. FCA Corp TX now owns 74,801 shares of the investment management company's stock valued at $795,000 after purchasing an additional 2,008 shares during the period. Truist Financial Corp raised its stake in Advent Convertible and Income Fund by 8.8% during the 3rd quarter. Truist Financial Corp now owns 24,791 shares of the investment management company's stock valued at $264,000 after purchasing an additional 2,010 shares during the period. Baird Financial Group Inc. raised its stake in Advent Convertible and Income Fund by 3.1% during the 4th quarter. Baird Financial Group Inc. now owns 68,260 shares of the investment management company's stock valued at $744,000 after purchasing an additional 2,044 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Advent Convertible and Income Fund by 4.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 58,061 shares of the investment management company's stock valued at $633,000 after purchasing an additional 2,404 shares during the period.
Advent Convertible and Income Fund Company Profile
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Advent Convertible & Income Fund operates as a closed-end investment fund. It focuses on convertible securities and non-convertible income securities. The company was founded on February 19, 2003 and is headquartered in New York, NY.
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