AVK

Advent Convertible and Income Fund

11.76 USD
+0.10
0.86%
Updated Nov 11, 11:58 AM EST
1 day
0.86%
5 days
4.44%
1 month
2.17%
3 months
-4.00%
6 months
-2.81%
Year to date
3.61%
1 year
16.55%
5 years
-21.07%
10 years
-31.55%
 

About: Advent Convertible & Income Fund is a diversified, closed-end management investment company. The fund's investment objective is to provide total return through a combination of capital appreciation and current income. The Fund invests in various sectors, such as communications, utilities, energy, industrial, technology, and others.

0
Funds holding %
of 6,759 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

36% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 22

1% more funds holding

Funds holding: 86 [Q1] → 87 (+1) [Q2]

8% more first-time investments, than exits

New positions opened: 13 | Existing positions closed: 12

6.43% less ownership

Funds ownership: 35.19% [Q1] → 28.76% (-6.43%) [Q2]

18% less capital invested

Capital invested by funds: $145M [Q1] → $119M (-$26.7M) [Q2]

Research analyst outlook

We haven’t received any recent analyst ratings for AVK.

Financial journalist opinion

Based on 4 articles about AVK published over the past 30 days

Neutral
GlobeNewsWire
2 months ago
Advent Convertible and Income Fund (NYSE: AVK) Announces Terms of Rights Offering and Declares October Distribution
NEW YORK, Sept. 10, 2024 (GLOBE NEWSWIRE) -- The board of trustees (the “Board”) of Advent Convertible and Income Fund (NYSE: AVK) (the “Fund”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund's common shares (the “Common Shareholders”) of beneficial interest, par value $0.001 per share (“Common Shares”), as of the record date, entitling the holders of those Rights to subscribe for Common Shares (the “Offer”). The Board, based on the recommendations and presentations of the Fund's investment adviser, Advent Capital Management, LLC (“Advent” or the “Adviser”), and others, has determined that it is in the best interests of the Fund and the Common Shareholders to conduct the Offer and thereby to increase the assets of the Fund available for investment. In making this determination, the Board considered a number of factors, including potential benefits and costs. In particular, the Board considered the Adviser's belief that the Offer would enable the Fund to take advantage of existing and future investment opportunities for convertible securities and non-convertible income producing securities that may be or may become available, consistent with the Fund's investment objective of providing total return through a combination of capital appreciation and current income. The Offer also seeks to provide an opportunity to existing Common Shareholders to purchase Common Shares at a discount to market price (subject to a sales load).
Advent Convertible and Income Fund (NYSE: AVK) Announces Terms of Rights Offering and Declares October Distribution
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