Advent Convertible and Income Fund (AVK) To Go Ex-Dividend on June 15th

Advent Convertible and Income Fund (NYSE:AVK) announced a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given 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 11.0%. The ex-dividend date of this dividend is Monday, June 15th.

Advent Convertible and Income Fund Stock Performance

AVK stock opened at $12.83 on Friday. The business has a 50 day moving average price of $12.54 and a 200 day moving average price of $12.47. Advent Convertible and Income Fund has a fifty-two week low of $10.77 and a fifty-two week high of $13.28.

Hedge Funds Weigh In On Advent Convertible and Income Fund

A number of hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. grew its position in shares of Advent Convertible and Income Fund by 8.5% during the third quarter. Raymond James Financial Inc. now owns 1,456,665 shares of the investment management company’s stock worth $18,631,000 after acquiring an additional 114,371 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Advent Convertible and Income Fund by 6.7% during the fourth quarter. Advisors Asset Management Inc. now owns 788,747 shares of the investment management company’s stock worth $9,891,000 after acquiring an additional 49,595 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Advent Convertible and Income Fund by 15.2% during the fourth quarter. Guggenheim Capital LLC now owns 785,038 shares of the investment management company’s stock worth $9,844,000 after acquiring an additional 103,476 shares during the last quarter. LPL Financial LLC grew its position in shares of Advent Convertible and Income Fund by 1.6% during the fourth quarter. LPL Financial LLC now owns 567,005 shares of the investment management company’s stock worth $7,110,000 after acquiring an additional 9,175 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Advent Convertible and Income Fund by 1.6% during the first quarter. Koshinski Asset Management Inc. now owns 472,817 shares of the investment management company’s stock worth $5,277,000 after acquiring an additional 7,659 shares during the last quarter.

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.