Advent Convertible and Income Fund
AVK
73 hedge funds and large institutions have $118M invested in Advent Convertible and Income Fund in 2020 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 26 increasing their positions, 20 reducing their positions, and 10 closing their positions.
30% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 20
23% more capital invested
Capital invested by funds: $96.2M → $118M (+$22.2M)
0.05% more ownership
Funds ownership: 26.86% → 26.9% (+0.05%)
0% more funds holding
Funds holding: 73 → 73 (0)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$1.57M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$986K |
| 3 |
Morgan Stanley
New York
|
+$920K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$674K |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$560K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Advisors Asset Management
Monument,
Colorado
|
-$2.85M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$611K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$574K |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$554K |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
-$430K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
NFG
76
Next Financial Group
Houston,
Texas
| – | -$40K | -3,903 | Closed |
|
|
EWM
77
EPG Wealth Management
Atlanta,
Georgia
| – | -$14K | -1,384 | Closed |
|
|
GSWM
78
Golden State Wealth Management
Santa Ana,
California
| – | -$11K | -1,054 | Closed |
|
|
TFS
79
TrustCore Financial Services
Brentwood,
Tennessee
| – | -$7K | -647 | Closed |
|
|
SNT
80
Security National Trust
Wheeling,
West Virginia
| – | -$6K | -545 | Closed |
|
81
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -512 | Closed |
|
|
HFS
82
Hantz Financial Services
Southfield,
Michigan
| – | +$36 | +3 | New |
|
AVK Hedge Fund Activity: Q2 2020 in Review
73 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2020, worth a combined $118M — up 23% from $96.2M a quarter earlier.
Fund positioning in AVK was balanced in Q2 2020: 10 funds opened new positions, 10 closed out, 26 added to existing stakes and 20 trimmed.
The largest buyer was Parametric Portfolio Associates, adding an estimated $1.57M. The largest seller was Advisors Asset Management, cutting an estimated $2.85M.
- 73 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2020, unchanged from Q1 2020.
- Funds reported $118M of Advent Convertible and Income Fund stock for Q2 2020, up 23% quarter-over-quarter.
- 10 funds opened new Advent Convertible and Income Fund positions in Q2 2020 and 10 closed out, a net change of 0 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2020 was Parametric Portfolio Associates, an estimated $1.57M added.
- The largest Advent Convertible and Income Fund seller in Q2 2020 was Advisors Asset Management, an estimated $2.85M sold.
Based on aggregated 13F filings for Q2 2020.