Advent Convertible and Income Fund (AVK)
Advent Convertible and Income Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $12.99, up 0.85% on the session, giving a market capitalisation of $573.5M. On trailing twelve-month figures it carries a trailing P/E of 3.95, a net margin of 131.1%. Its beta of 1.30 implies it has historically moved more than the broad market.
Managed by Advent Capital Management, LLC, the Advent Claymore Convertible Securities and Income Fund functions as a closed-ended mutual fund primarily targeting fixed income investments within the United States. It strategically allocates capital to companies operating across a variety of diversified sectors. Approximately 60% of its holdings are dedicated to convertible securities, with the remainder invested in lower-rated non-convertible income instruments. The fund's portfolio is meticulously constructed using a fundamental analysis approach. Established on April 29, 2003, this fund is officially domiciled in the United States.
Advent Convertible and Income Fund is most often compared with the following Financial Services names: