Advent Convertible and Income Fund (NYSE:AVK – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.08 and traded as low as $11.45. Advent Convertible and Income Fund shares last traded at $11.49, with a volume of 194,657 shares trading hands.
Advent Convertible and Income Fund Price Performance
The company’s fifty day moving average price is $12.41 and its 200-day moving average price is $12.07.
Advent Convertible and Income Fund Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.1172 per share. This represents a $1.41 annualized dividend and a dividend yield of 12.29%. The ex-dividend date of this dividend is Wednesday, October 2nd. This is a positive change from Advent Convertible and Income Fund’s previous monthly dividend of $0.09.
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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