Who Owns Advent Convertible and Income Fund Stock?
NYSE: AVKFinanceTrusts Except Educational Religious and CharitableUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Ownership breakdown
- Held by institutions
- 27.05%
- Held by insiders
- 0.00%
- Institutional holders
- 113
- Institutions 27.0%
- Insiders 0.0%
- Public and other 73.0%
Who owns Advent Convertible and Income Fund stock?
Institutional investors own about 27.0% of Advent Convertible and Income Fund's shares, spread across 113 institutions that file 13F reports. That level of institutional ownership is relatively low, leaving more of the stock with retail investors and insiders. Insiders, including executives, directors and large founding shareholders, hold 0.00% of AVK.
The largest institutional holders are Raymond James Financial, Inc. (4.03%), SIT Investment Associates Inc (3.22%) and Wells Fargo & Company (2.00%). Together, the top 10 institutions control 18.7% of shares outstanding. In their latest filings, 7 of the top 10 institutions increased their AVK positions and 3 reduced them.
Summary generated from market data by MetaCap's automated system. Methodology
Top institutional holders of AVK
| Institution | Shares | % Held | Change |
|---|---|---|---|
| Raymond James Financial, Inc. | 1.78M | 4.03% | +11.3% |
| SIT Investment Associates Inc | 1.42M | 3.22% | -33.4% |
| Wells Fargo & Company | 882.00K | 2.00% | +2.5% |
| Guggenheim Capital, LLC | 801.12K | 1.81% | +7.8% |
| Advisors Asset Management, Inc. | 777.36K | 1.76% | +12.6% |
| Penserra Capital Management LLC | 684.34K | 1.55% | +4.0% |
| LPL Financial LLC | 528.82K | 1.20% | -1.4% |
| Morgan Stanley | 516.34K | 1.17% | -4.9% |
| Koshinski Asset Management, Inc. | 481.59K | 1.09% | +1.9% |
| Wolverine Asset Management, LLC | 361.76K | 0.82% | +136.4% |
% held is the share of total shares outstanding. Change is the percentage change in the position since the holder's previous 13F filing.
Top mutual fund and ETF holders of AVK
| Fund | Shares | % Held |
|---|---|---|
| Amplify ETF Trust-Amplify CEF High Income ETF | 681.08K | 1.54% |
| Calamos ETF Trust-Calamos CEF Income & Arbitrage ETF | 39.04K | 0.09% |
| Unified Series Trust-Absolute CEF Opportunities | 12.38K | 0.03% |
| Rydex Variable Trust-Multi-Hedge Strategies Fund | 388 | 0.00% |
| Rydex Series Funds-Guggenheim Multi-Hedge Strategies Fund | 137 | 0.00% |
Frequently asked questions
Who is the largest shareholder of Advent Convertible and Income Fund?
Raymond James Financial, Inc. is the largest institutional shareholder of AVK, owning 4.03% of shares outstanding (1.78M shares) as of its latest 13F filing.
What percentage of Advent Convertible and Income Fund is owned by institutions?
Institutions own about 27.0% of AVK shares and 27.0% of the public float.
How much of Advent Convertible and Income Fund do insiders own?
Insiders, such as officers and directors, own about 0.00% of AVK shares outstanding.
Where does institutional ownership data come from?
Investment managers with more than $100 million in US equities must file Form 13F with the SEC within 45 days of each quarter-end. Holdings are therefore up to about 4.5 months old when published.