Advent Convertible and Income Fund (NYSE:AVK – Get Rating) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $11.66 and traded as high as $12.06. Advent Convertible and Income Fund shares last traded at $12.05, with a volume of 107,461 shares.
Advent Convertible and Income Fund Stock Up 1.2 %
The stock has a 50 day simple moving average of $11.66 and a 200 day simple moving average of $12.21.
Advent Convertible and Income Fund Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.1172 per share. This is a boost from Advent Convertible and Income Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $1.41 annualized dividend and a dividend yield of 11.67%.
Institutional Trading of Advent Convertible and Income Fund
About Advent Convertible and Income Fund
Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors.
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