Advent Convertible and Income Fund
AVK
68 hedge funds and large institutions have $152M invested in Advent Convertible and Income Fund in 2019 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 29 increasing their positions, 20 reducing their positions, and 10 closing their positions.
45% more repeat investments, than reductions
Existing positions increased: 29 | Existing positions reduced: 20
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.61% less ownership
Funds ownership: 29.83% → 29.22% (-0.61%)
9% less funds holding
Funds holding: 75 → 68 (-7)
23% less capital inflows, than outflows
Capital inflows: $10.5M | Capital outflows: $13.6M
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.58M |
| 2 |
Guggenheim Capital
Chicago,
Illinois
|
+$998K |
| 3 |
Ladenburg Thalmann Financial Services
Miami,
Florida
|
+$723K |
| 4 |
Parametric Portfolio Associates
Seattle,
Washington
|
+$656K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$532K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.94M |
| 2 |
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.85M |
| 3 |
Raymond James & Associates
St Petersburg,
Florida
|
-$1.39M |
| 4 |
Curi RMB Capital
Chicago,
Illinois
|
-$1.28M |
| 5 |
Clough Capital Partners
Boston,
Massachusetts
|
-$1.06M |
AVK Hedge Fund Activity: Q2 2019 in Review
68 of the 4,626 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q2 2019, worth a combined $152M — down 0.08% from $152M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of AVK and 4 opened new positions — a net loss of 6 holders — while 20 trimmed existing stakes and 29 added.
The largest buyer was LPL Financial, adding an estimated $4.58M. The largest seller was BlackRock, cutting an estimated $2.94M.
- 68 institutional investors held Advent Convertible and Income Fund (AVK) as of Q2 2019, down from 75 in Q1 2019.
- Funds reported $152M of Advent Convertible and Income Fund stock for Q2 2019, down 0.08% quarter-over-quarter.
- 4 funds opened new Advent Convertible and Income Fund positions in Q2 2019 and 10 closed out, a net change of -6 holders.
- The largest Advent Convertible and Income Fund buyer in Q2 2019 was LPL Financial, an estimated $4.58M added.
- The largest Advent Convertible and Income Fund seller in Q2 2019 was BlackRock, an estimated $2.94M sold.
Based on aggregated 13F filings for Q2 2019.