Advent Convertible and Income Fund
AVK
51 hedge funds and large institutions have $82.5M invested in Advent Convertible and Income Fund in 2015 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 16 increasing their positions, 19 reducing their positions, and 6 closing their positions.
50% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 6
9% more capital invested
Capital invested by funds: $75.6M → $82.5M (+$6.88M)
4% more funds holding
Funds holding: 49 → 51 (+2)
0.65% more ownership
Funds ownership: 20.14% → 20.8% (+0.65%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$3.7M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$2.35M |
| 3 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$2.2M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$561K |
| 5 |
SJIC
St. James Investment Company
Southlake,
Texas
|
+$533K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$1.89M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.58M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.04M |
| 4 |
DA
Doliver Advisors
Houston,
Texas
|
-$667K |
| 5 |
WCM
Windsor Capital Management
Phoenix,
Arizona
|
-$627K |
AVK Hedge Fund Activity: Q1 2015 in Review
51 of the 3,752 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2015, worth a combined $82.5M — up 9.1% from $75.6M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new AVK positions and 6 closed out — a net gain of 3 holders — while 16 added to existing stakes and 19 trimmed.
The largest buyer was Ameriprise, adding an estimated $3.7M. The largest seller was Advisors Asset Management, cutting an estimated $1.89M.
- 51 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2015, up from 49 in Q4 2014.
- Funds reported $82.5M of Advent Convertible and Income Fund stock for Q1 2015, up 9.1% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q1 2015 and 6 closed out, a net change of +3 holders.
- The largest Advent Convertible and Income Fund buyer in Q1 2015 was Ameriprise, an estimated $3.7M added.
- The largest Advent Convertible and Income Fund seller in Q1 2015 was Advisors Asset Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q1 2015.