Advent Convertible and Income Fund (NYSE:AVK – Get Rating) declared a monthly dividend on Tuesday, May 2nd, Wall Street Journal reports. Shareholders of record on Monday, May 15th will be paid a dividend of 0.1172 per share by the investment management company on Wednesday, May 31st. This represents a $1.41 dividend on an annualized basis and a dividend yield of 12.09%. The ex-dividend date of this dividend is Friday, May 12th.
Advent Convertible and Income Fund Stock Performance
NYSE:AVK opened at $11.63 on Wednesday. The firm's fifty day simple moving average is $11.69 and its 200 day simple moving average is $11.79. Advent Convertible and Income Fund has a twelve month low of $10.34 and a twelve month high of $14.99.
Get Advent Convertible and Income Fund alerts:Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of AVK. Invesco Ltd. increased its holdings in shares of Advent Convertible and Income Fund by 26.4% in the 1st quarter. Invesco Ltd. now owns 121,885 shares of the investment management company's stock worth $1,909,000 after acquiring an additional 25,438 shares during the period. FCA Corp TX acquired a new position in shares of Advent Convertible and Income Fund in the 1st quarter worth $1,131,000. NewEdge Advisors LLC boosted its stake in Advent Convertible and Income Fund by 10.1% in the 1st quarter. NewEdge Advisors LLC now owns 56,701 shares of the investment management company's stock worth $888,000 after purchasing an additional 5,200 shares during the period. Baird Financial Group Inc. raised its position in Advent Convertible and Income Fund by 3.1% during the fourth quarter. Baird Financial Group Inc. now owns 68,260 shares of the investment management company's stock valued at $744,000 after buying an additional 2,044 shares during the period. Finally, Royal Bank of Canada grew its stake in Advent Convertible and Income Fund by 15.2% during the 1st quarter. Royal Bank of Canada now owns 45,904 shares of the investment management company's stock valued at $718,000 after acquiring an additional 6,050 shares in the last quarter.
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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