Saba Capital Management, L.P. Sells 20,597 Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (AGC) Stock

Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE:AGC) major shareholder Saba Capital Management, L.P. sold 20,597 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $6.34, for a total transaction of $130,584.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • 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 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 stock was sold at an average price of $6.38, for a total transaction of $367,743.20.

Shares of Advent Claymore Convertible Securities and Income Fund of Beneficial Interest (NYSE AGC) traded up 0.65% on Friday, hitting $6.19. 87,938 shares of the stock were exchanged. Advent Claymore Convertible Securities and Income Fund of Beneficial Interest has a one year low of $5.25 and a one year high of $6.49. The firm’s 50 day moving average price is $6.31 and its 200 day moving average price is $6.22.

The business also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.047 per share. The ex-dividend date is Friday, August 11th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 9.11%.

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Several institutional investors have recently made changes to their positions in AGC. 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 valued at $1,741,000 after buying an additional 197,601 shares in the last quarter. Shaker Financial Services LLC increased its position 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 valued at $626,000 after buying an additional 81,000 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Advent Claymore Convertible Securities and Income Fund of Beneficial Interest during the second quarter valued at $305,000. JPMorgan Chase & Co. increased its position in 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 valued at $6,251,000 after buying an additional 22,322 shares during the period. Finally, Advisor Group Inc. increased its position 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 valued at $412,000 after buying an additional 966 shares during the period.

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

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