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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$9.48M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.37M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.19M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$711K |
| 5 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$368K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
-$2.52M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$884K |
| 3 |
Morgan Stanley
New York
|
-$861K |
| 4 |
Koshinski Asset Management
Decatur,
Illinois
|
-$480K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$438K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MA
51
MUFG Americas
New York
| $8K | +$47 | +3 | +0.6% |
|
52
Citigroup
New York
| $6K | -$144K | -9,276 | -96% |
|
|
BC
53
Bartlett & Co
Cincinnati,
Ohio
| $6K | – | – | – |
|
|
PCM
54
Penserra Capital Management
Orinda,
California
| $5K | +$528 | +34 | +10% |
|
55
SEI Investments
Oaks,
Pennsylvania
| $2K | -$1.52K | -98 | -45% |
|
|
IWM
56
IHT Wealth Management
Chicago,
Illinois
| $289 | +$202 | +13 | +2% |
|
|
STMM
57
South Texas Money Management
San Antonio,
Texas
| – | -$316K | -20,694 | Closed |
|
|
SFS
58
Shaker Financial Services
Arlington,
Virginia
| – | -$166K | -10,855 | Closed |
|
|
CPIG
59
Chicago Partners Investment Group
Chicago,
Illinois
| – | -$31K | -2,058 | Closed |
|
|
SPIA
60
Steward Partners Investment Advisory
New York
| – | -$6.28K | -404 | -100% |
|
|
AIM
61
Acrospire Investment Management
Chicago,
Illinois
| – | -$5K | -308 | Closed |
|
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.