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AVK

Advent Convertible and Income Fund

55 hedge funds and large institutions have $125M invested in Advent Convertible and Income Fund in 2016 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

31% more repeat investments, than reductions

Existing positions increased: 21 | Existing positions reduced: 16

1.15% more ownership

Funds ownership: 36.04%37.19% (+1.1%)

4% more capital invested

Capital invested by funds: $121M → $125M (+$4.7M)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 6

2% less funds holding

Funds holding: 5655 (-1)

Holders
55
Holders Change
-1
Holders Change %
-1.79%
% of All Funds
1.38%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
6
Increased
21
Reduced
16
Closed
6
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$416K +$61.1K +4,404 +18%
CAN
27
Cetera Advisor Networks
California
$369K -$349K -25,126 -49%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$356K
HighTower Advisors
29
HighTower Advisors
Illinois
$352K
Invesco
30
Invesco
Georgia
$329K +$68.3K +4,919 +27%
SFS
31
Shaker Financial Services
Virginia
$234K -$131K -9,433 -37%
TC
32
TFS Capital
Pennsylvania
$184K +$32.2K +2,321 +22%
AG
33
Advisor Group
Arizona
$152K +$52.9K +3,811 +56%
Citigroup
34
Citigroup
New York
$138K -$186K -13,396 -58%
Royal Bank of Canada
35
Royal Bank of Canada
Ontario, Canada
$98K -$24.6K -1,771 -20%
LTFS
36
Ladenburg Thalmann Financial Services
Florida
$95K +$28.1K +2,025 +45%
PNC Financial Services Group
37
PNC Financial Services Group
Pennsylvania
$79K
MFS
38
MSI Financial Services
Massachusetts
$62K -$4.91K -354 -8%
IA
39
IFP Advisors
Florida
$43K +$35.8K +2,578 +627%
ZB
40
Zions Bancorporation
Utah
$30K
CPIG
41
Chicago Partners Investment Group
Illinois
$29K +$541 +39 +2%
NSIM
42
North Star Investment Management
Illinois
$24K +$5.45K +393 +31%
AWM
43
Avior Wealth Management
Nebraska
$23K +$22.8K +1,643 New
DADC
44
D.A. Davidson & Co
Montana
$21K -$47.7K -3,440 -70%
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
$21K
FANJ
46
Financial Architects (New Jersey)
New Jersey
$16K
NFG
47
Next Financial Group
Texas
$15K
IWM
48
IHT Wealth Management
Illinois
$14K +$13.4K +966 New
AIM
49
Anchor Investment Management
South Carolina
$7.34K
BC
50
Bartlett & Co
Ohio
$6K

AVK Hedge Fund Activity: Q4 2016 in Review

55 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2016, worth a combined $125M — up 3.9% from $121M a quarter earlier.

Fund positioning in AVK was balanced in Q4 2016: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 16 trimmed.

The largest buyer was Saba Capital Management, adding an estimated $2.15M. The largest seller was Eaton Vance Management, cutting an estimated $3.02M.

  • 55 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2016, down from 56 in Q3 2016.
  • Funds reported $125M of Advent Convertible and Income Fund stock for Q4 2016, up 3.9% quarter-over-quarter.
  • 6 funds opened new Advent Convertible and Income Fund positions in Q4 2016 and 6 closed out, a net change of 0 holders.
  • The largest Advent Convertible and Income Fund buyer in Q4 2016 was Saba Capital Management, an estimated $2.15M added.
  • The largest Advent Convertible and Income Fund seller in Q4 2016 was Eaton Vance Management, an estimated $3.02M sold.

Based on aggregated 13F filings for Q4 2016.