Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 14,934 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $6.15, for a total value of $91,844.10. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Friday, August 25th, Saba Capital Management, L.P. sold 2,900 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.15, for a total value of $17,835.00.
  • On Wednesday, August 23rd, Saba Capital Management, L.P. sold 2,999 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.17, for a total value of $18,503.83.
  • On Monday, August 21st, Saba Capital Management, L.P. sold 600 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.19, for a total value of $3,714.00.
  • On Wednesday, August 9th, Saba Capital Management, L.P. sold 64,970 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.32, for a total value of $410,610.40.
  • On Monday, August 7th, Saba Capital Management, L.P. sold 20,597 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.34, for a total value of $130,584.98.
  • On Thursday, August 3rd, Saba Capital Management, L.P. sold 57,640 shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest stock. The shares were sold at an average price of $6.38, for a total value of $367,743.20.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE AGC) opened at 6.23 on Friday. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a 12 month low of $5.25 and a 12 month high of $6.49. The firm’s 50 day moving average price is $6.27 and its 200 day moving average price is $6.23.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.047 dividend. The ex-dividend date was Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a yield of 9.05%.

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A number of hedge funds have recently added to or reduced their stakes in AGC. Royal Bank of Canada increased its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 0.3% in the second quarter. Royal Bank of Canada now owns 24,847 shares of the exchange traded fund’s stock worth $155,000 after buying an additional 80 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest during the second quarter worth approximately $305,000. Advisor Group Inc. increased its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 1.5% in the second quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 966 shares during the last quarter. Shaker Financial Services LLC increased its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 415.9% in the second quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock worth $626,000 after buying an additional 81,000 shares during the last quarter. Finally, Robinson Capital Management LLC increased its stake in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 241.2% in the second quarter. Robinson Capital Management LLC now owns 279,513 shares of the exchange traded fund’s stock worth $1,741,000 after buying an additional 197,601 shares during the last quarter.

Insider Buying and Selling by Quarter for Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC)

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