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AVK

Advent Convertible and Income Fund
AVK

73 hedge funds and large institutions have $96.2M invested in Advent Convertible and Income Fund in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 28 increasing their positions, 17 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 28 | Existing positions reduced: 17

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

0% more funds holding

Funds holding: 73 → 73 (0)

0.39% less ownership

Funds ownership: 27.25% → 26.86% (-0.39%)

32% less capital invested

Capital invested by funds: $142M → $96.2M (-$46.2M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
73
Holders Change
–
Holders Change %
0%
% of All Funds
1.61%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
16
Increased
28
Reduced
17
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RJA
Raymond James & Associates
Florida
+$5.02M
2
FAM
Formidable Asset Management
Ohio
+$3.12M
3
Bank of America
Bank of America
North Carolina
+$1.62M
4
TJHA
Thomas J. Herzfeld Advisors
Florida
+$647K
5
GC
Guggenheim Capital
Illinois
+$640K

Top Sellers

Rank Fund Capital Flow
1
OA
Oxbow Advisors
Texas
-$1.93M
2
RCM
Rivernorth Capital Management
Florida
-$1.77M
3
PPA
Parametric Portfolio Associates
Washington
-$1.4M
4
Wells Fargo
Wells Fargo
California
-$1.34M
5
RJFSA
Raymond James Financial Services Advisors
Florida
-$1.31M
Name Holding Trade Value Shares
Change 		Change in
Stake
MAFM
26
Mid Atlantic Financial Management
Pennsylvania
$441K -$448K -32,155 -43%
Envestnet Asset Management
27
Envestnet Asset Management
Illinois
$430K -$28.4K -2,039 -5%
Stifel Financial
28
Stifel Financial
Missouri
$411K -$50.8K -3,651 -8%
SC
29
Stolper & Co
Oklahoma
$375K +$504K +36,199 New
Citigroup
30
Citigroup
New York
$371K +$1.04K +75 +0.2%
Cambridge Investment Research Advisors
31
Cambridge Investment Research Advisors
Iowa
$369K +$25.7K +1,847 +5%
PAS
32
Park Avenue Securities
New York
$363K +$43.2K +3,102 +10%
MWPCG
33
Measured Wealth Private Client Group
New Hampshire
$320K -$975 -70 -0.2%
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$280K +$24.8K +1,778 +7%
CIA
35
Capital Investment Advisors
Georgia
$270K +$1.13K +81 +0.3%
Truist Financial
36
Truist Financial
North Carolina
$222K +$8.56K +615 +3%
AIC
37
Ameritas Investment Company
Nebraska
$210K +$25.2K +1,807 +10%
PWPS
38
Pinnacle Wealth Planning Services
Ohio
$208K +$19.5K +1,404 +8%
MOS
39
MGO One Seven
Ohio
$200K +$10.5K +754 +4%
NFG
40
Nations Financial Group
Iowa
$190K +$153 +11 +0.1%
BlackRock
41
BlackRock
New York
$187K +$252K +18,075 New
OA
42
Oxbow Advisors
Texas
$176K -$1.93M -138,729 -89%
CF
43
Centaurus Financial
California
$174K +$14.4K +1,031 +7%
IFG
44
Independent Financial Group
California
$166K +$223K +16,025 New
MA
45
Mutual Advisors
Nebraska
$157K +$167 +12 +0.1%
PAG
46
Private Advisor Group
New Jersey
$140K -$57.2K -4,108 -23%
SPC
47
Sigma Planning Corp
Michigan
$136K – – –
SPIA
48
Steward Partners Investment Advisory
New York
$118K +$20.8K +1,494 +15%
DADC
49
D.A. Davidson & Co
Montana
$115K +$154K +11,094 New
PFGIA
50
Patriot Financial Group Insurance Agency
Massachusetts
$77K -$10.4K -744 -9%
1
2
3 4

AVK Hedge Fund Activity: Q1 2020 in Review

73 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q1 2020, worth a combined $96.2M — down 32% from $142M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new AVK positions and 13 closed out — a net gain of 3 holders — while 28 added to existing stakes and 17 trimmed.

The largest buyer was Raymond James & Associates, adding an estimated $5.02M. The largest seller was Oxbow Advisors, cutting an estimated $1.93M.

  • 73 institutional investors held Advent Convertible and Income Fund (AVK) as of Q1 2020, unchanged from Q4 2019.
  • Funds reported $96.2M of Advent Convertible and Income Fund stock for Q1 2020, down 32% quarter-over-quarter.
  • 16 funds opened new Advent Convertible and Income Fund positions in Q1 2020 and 13 closed out, a net change of +3 holders.
  • The largest Advent Convertible and Income Fund buyer in Q1 2020 was Raymond James & Associates, an estimated $5.02M added.
  • The largest Advent Convertible and Income Fund seller in Q1 2020 was Oxbow Advisors, an estimated $1.93M sold.

Based on aggregated 13F filings for Q1 2020.