AVK
Advent Convertible and Income FundAVK
AVK
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 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
7% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 29
1.89% less ownership
Funds ownership: 44.4% [Q4 2024] → 42.51% (-1.89%) [Q1 2025]
4% less funds holding
Funds holding: 91 [Q4 2024] → 87 (-4) [Q1 2025]
14% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 14
97% less capital invested
Capital invested by funds: $4.94B [Q4 2024] → $170M (-$4.77B) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for AVK.
Financial journalist opinion
Neutral
GlobeNewsWire
1 week ago
Guggenheim Investments Announces June 2025 Closed-End Fund Distributions
NEW YORK, June 02, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Neutral
GlobeNewsWire
1 month ago
Guggenheim Investments Announces May 2025 Closed-End Fund Distributions
NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Neutral
Seeking Alpha
1 month ago
AVK: Inconsistent Distribution Coverage Warrants Caution
Advent Convertible & Income Fund offers a high dividend yield of 13.1%, making it attractive for income investors despite recent price declines. AVK's strategy emphasizes current income over capital appreciation, with a diverse portfolio including convertible securities, high-yield securities, and equities. The fund's aggressive leverage and reliance on net realized gains pose risks, especially in a high-interest rate environment with potential defaults.
Neutral
GlobeNewsWire
2 months ago
Guggenheim Investments Announces April 2025 Closed-End Fund Distributions
NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Neutral
GlobeNewsWire
3 months ago
Guggenheim Investments Announces March 2025 Closed-End Fund Distributions
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Neutral
GlobeNewsWire
4 months ago
Guggenheim Investments Announces February 2025 Closed-End Fund Distributions
NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Positive
Seeking Alpha
4 months ago
CEF Insights: The Case For Convertibles & High Yield
With additional capital raised in 2024, the Advent Convertible & Income Fund (AVK) balances convertible securities and high yield bonds as it aims to provide capital appreciation and income amid. Gain updates on the Fund's portfolio allocation, performance and potential opportunities from Portfolio Manager Tony Huang. Advent Capital Management is the Investment Adviser of AVK, a closed-end fund which aims to provide total return through a combination of capital appreciation and current income.
Neutral
GlobeNewsWire
5 months ago
Guggenheim Investments Announces January 2025 Closed-End Fund Distributions
NEW YORK, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
Positive
Seeking Alpha
5 months ago
AVK: Good Income, But Credit Concerns
Advent Convertible & Income Fund offers income through preferred stocks, and high-yield securities, with potential upside over time from convertible issues. The fund has shown resilience in dividend payouts despite economic challenges but has struggled with declining share prices and limited upside from its convertible strategy. Despite its diversified portfolio, AVK's high leverage and unsecured debt increase risks, making it prudent to wait for a price below $9 to give a margin of safety.
Neutral
GlobeNewsWire
6 months ago
Guggenheim Investments Announces December 2024 Closed-End Fund Distributions
NEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”).
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