Advent Convertible and Income Fund
AVK
77 hedge funds and large institutions have $130M invested in Advent Convertible and Income Fund in 2022 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 28 increasing their positions, 25 reducing their positions, and 8 closing their positions.
12% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 25
0% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 8
0.54% less ownership
Funds ownership: 32.56% → 32.03% (-0.54%)
1% less funds holding
Funds holding: 78 → 77 (-1)
24% less capital invested
Capital invested by funds: $171M → $130M (-$41.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$46.9M |
| 2 |
AAM
Advisors Asset Management
Monument,
Colorado
|
+$2M |
| 3 |
ARC
Advisor Resource Council
Dallas,
Texas
|
+$966K |
| 4 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$705K |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$621K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.56M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$1.37M |
| 3 |
QCIG
Quad-Cities Investment Group
Davenport,
Iowa
|
-$819K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$402K |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$351K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HI
76
Harbour Investments
Madison,
Wisconsin
| $2K | +$2.49K | +186 | New |
|
|
QCIG
77
Quad-Cities Investment Group
Davenport,
Iowa
| – | -$819K | -53,730 | Closed |
|
|
RJT
78
Raymond James Trust
St. Petersburg,
Florida
| – | -$194K | -12,745 | Closed |
|
|
IFAM
79
Institutional & Family Asset Management
Fort Collins,
Colorado
| – | -$64K | -4,168 | Closed |
|
|
AA
80
Addison Advisors
Middlebury,
Vermont
| – | -$19K | -1,246 | Closed |
|
|
AW
81
Alaethes Wealth
Glenbrook,
Nevada
| – | -$12K | -772 | Closed |
|
|
MCC
82
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$9K | -616 | Closed |
|
|
FAG
83
Fortitude Advisory Group
Gig Harbor,
Washington
| – | -$4K | -259 | Closed |
|
84
JP Morgan Chase
New York
| – | -$3.44K | -257 | -97% |
|
AVK Hedge Fund Activity: Q2 2022 in Review
77 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2022, worth a combined $130M — down 24% from $171M a quarter earlier.
Fund positioning in AVK was balanced in Q2 2022: 8 funds opened new positions, 8 closed out, 28 added to existing stakes and 25 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $46.9M. The largest seller was Guggenheim Capital, cutting an estimated $1.56M.
- 77 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2022, down from 78 in Q1 2022.
- Funds reported $130M of Advent Convertible and Income Fund stock for Q2 2022, down 24% quarter-over-quarter.
- 8 funds opened new Advent Convertible and Income Fund positions in Q2 2022 and 8 closed out, a net change of 0 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2022 was Morgan Stanley, an estimated $46.9M added.
- The largest Advent Convertible and Income Fund seller in Q2 2022 was Guggenheim Capital, an estimated $1.56M sold.
Based on aggregated 13F filings for Q2 2022.