Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 2,900 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $6.15, for a total transaction of $17,835.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% 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 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $367,743.20.

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) opened at 6.14 on Wednesday. The stock’s 50 day moving average is $6.29 and its 200-day moving average is $6.23. 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 business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.19%.

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Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of 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. Robinson Capital Management LLC boosted its position in shares of 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. Advisor Group Inc. boosted its position in shares of 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. JPMorgan Chase & Co. boosted its position in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest by 2.3% in the second quarter. JPMorgan Chase & Co. now owns 1,003,308 shares of the exchange traded fund’s stock worth $6,251,000 after buying an additional 22,322 shares during the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest during the second quarter worth about $305,000.

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

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