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AVK

Advent Convertible and Income Fund
AVK

57 hedge funds and large institutions have $151M invested in Advent Convertible and Income Fund in 2017 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 23 increasing their positions, 20 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 4

15% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 20

9% more capital invested

Capital invested by funds: $139M → $151M (+$12.1M)

4% more funds holding

Funds holding: 55 → 57 (+2)

2.1% more ownership

Funds ownership: 38.55% → 40.65% (+2.1%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

Holders
57
Holders Change
+2
Holders Change %
+3.64%
% of All Funds
1.42%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
6
Increased
23
Reduced
20
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PPA
Parametric Portfolio Associates
Washington
+$9.48M
2
Wells Fargo
Wells Fargo
California
+$1.37M
3
RJA
Raymond James & Associates
Florida
+$1.19M
4
Bank of America
Bank of America
North Carolina
+$711K
5
RCM
Robinson Capital Management
Michigan
+$368K

Top Sellers

Rank Fund Capital Flow
1
EVM
Eaton Vance Management
Massachusetts
-$2.52M
2
GC
Guggenheim Capital
Illinois
-$884K
3
Morgan Stanley
Morgan Stanley
New York
-$861K
4
Koshinski Asset Management
Koshinski Asset Management
Illinois
-$480K
5
Ameriprise
Ameriprise
Minnesota
-$438K
Name Holding Trade Value Shares
Change 		Change in
Stake
Commonwealth Equity Services
26
Commonwealth Equity Services
Massachusetts
$479K -$10.9K -700 -2%
Ameriprise
27
Ameriprise
Minnesota
$384K -$438K -28,174 -54%
Baird Financial Group
28
Baird Financial Group
Wisconsin
$369K -$27.1K -1,746 -7%
DA
29
Doliver Advisors
Texas
$368K +$363K +23,370 New
LTFS
30
Ladenburg Thalmann Financial Services
Florida
$328K +$123K +7,929 +61%
NFG
31
Nations Financial Group
Iowa
$312K +$49.7K +3,201 +20%
CAN
32
Cetera Advisor Networks
California
$279K -$126K -8,126 -31%
ASN
33
Advisory Services Network
Georgia
$182K +$2.95K +190 +2%
Millennium Management
34
Millennium Management
New York
$162K -$49K -3,156 -23%
AG
35
Advisor Group
Arizona
$155K +$3.15K +203 +2%
Royal Bank of Canada
36
Royal Bank of Canada
Ontario, Canada
$136K +$8.17K +526 +6%
TDC
37
Thompson Davis & Co
Virginia
$91K +$90.3K +5,812 New
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$88K +$78 +5 +0.1%
Northwestern Mutual Wealth Management
39
Northwestern Mutual Wealth Management
Wisconsin
$77K +$76.1K +4,898 New
NMC
40
Nine Masts Capital
Hong Kong
$76K +$68.6K +4,416 +1,074%
IA
41
IFP Advisors
Florida
$47K – – –
ZB
42
Zions Bancorporation
Utah
$32K – – –
NSIM
43
North Star Investment Management
Illinois
$27K +$528 +34 +2%
Bank of Montreal
44
Bank of Montreal
Ontario, Canada
$24K – – –
AWM
45
Avior Wealth Management
Nebraska
$22K – – –
FANJ
46
Financial Architects (New Jersey)
New Jersey
$18K – – –
DADC
47
D.A. Davidson & Co
Montana
$14K -$14.4K -924 -49%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$10K +$9.57K +616 New
Creative Planning
49
Creative Planning
Kansas
$10K +$10.4K +668 New
AIM
50
Anchor Investment Management
South Carolina
$8.07K – – –
1
2
3

AVK Hedge Fund Activity: Q2 2017 in Review

57 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2017, worth a combined $151M — up 8.7% from $139M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new AVK positions and 4 closed out — a net gain of 2 holders — while 23 added to existing stakes and 20 trimmed.

The largest buyer was Parametric Portfolio Associates, opening a new position worth an estimated $9.48M. The largest seller was Eaton Vance Management, cutting an estimated $2.52M.

  • 57 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2017, up from 55 in Q1 2017.
  • Funds reported $151M of Advent Convertible and Income Fund stock for Q2 2017, up 8.7% quarter-over-quarter.
  • 6 funds opened new Advent Convertible and Income Fund positions in Q2 2017 and 4 closed out, a net change of +2 holders.
  • The largest Advent Convertible and Income Fund buyer in Q2 2017 was Parametric Portfolio Associates, an estimated $9.48M added.
  • The largest Advent Convertible and Income Fund seller in Q2 2017 was Eaton Vance Management, an estimated $2.52M sold.

Based on aggregated 13F filings for Q2 2017.