Advent Convertible and Income Fund
AVK
73 hedge funds and large institutions have $142M invested in Advent Convertible and Income Fund in 2019 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 28 increasing their positions, 24 reducing their positions, and 9 closing their positions.
18% more capital invested
Capital invested by funds: $121M → $142M (+$21.3M)
17% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 24
0.54% more ownership
Funds ownership: 26.71% → 27.25% (+0.54%)
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
3% less funds holding
Funds holding: 75 → 73 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Koshinski Asset Management
Decatur,
Illinois
|
+$6.81M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$3.19M |
| 3 |
GC
Guggenheim Capital
Chicago,
Illinois
|
+$1.85M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$739K |
| 5 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$4.21M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.83M |
| 3 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
-$1.69M |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$1.35M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$999K |
AVK Hedge Fund Activity: Q4 2019 in Review
73 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Advent Convertible and Income Fund (AVK) for Q4 2019, worth a combined $142M — up 18% from $121M a quarter earlier.
Fund positioning in AVK was balanced in Q4 2019: 9 funds opened new positions, 9 closed out, 28 added to existing stakes and 24 trimmed.
The largest buyer was Koshinski Asset Management, opening a new position worth an estimated $6.81M. The largest seller was JP Morgan Chase, exiting entirely with an estimated $4.21M sold.
- 73 institutional investors held Advent Convertible and Income Fund (AVK) as of Q4 2019, down from 75 in Q3 2019.
- Funds reported $142M of Advent Convertible and Income Fund stock for Q4 2019, up 18% quarter-over-quarter.
- 9 funds opened new Advent Convertible and Income Fund positions in Q4 2019 and 9 closed out, a net change of 0 holders.
- The largest Advent Convertible and Income Fund buyer in Q4 2019 was Koshinski Asset Management, an estimated $6.81M added.
- The largest Advent Convertible and Income Fund seller in Q4 2019 was JP Morgan Chase, an estimated $4.21M sold.
Based on aggregated 13F filings for Q4 2019.