ADVENT CONVERTIBLE & INCOME FUND Director Buys 500 Shares at $12.28/Share on Feb 14, 2025.

ADVENT CONVERTIBLE & INCOME FUND (AVK) recently announced that Director Nancy E. Stuebe acquired 500 shares at a price of $12.28 per share on February 14, 2025.

The recent acquisition of 500 shares of Advent Convertible & Income Fund (AVK) by Director Nancy E. Stuebe has caught the attention of investors. With the shares purchased at a price of $12.28 on February 14, 2025, Stuebe's investment adds to the growing confidence in the fund's potential.

As a closed-end fixed income mutual fund, AVK is managed by Advent Capital Management, LLC, and primarily invests in the fixed income markets of the United States [1]. The fund seeks to balance its portfolio between convertible securities and lower-grade non-convertible income securities, employing fundamental analysis to create its investment strategy [1].

Insider purchases can be an indicator of confidence in a company's future prospects [2]. In the case of AVK, Stuebe's investment comes at a time when the fund has been showing resilience in dividend payments and has been aiming to provide capital appreciation and income amid the economic uncertainty of 2024 [3].

The fund's industry, asset management, is expected to grow at a compound annual growth rate (CAGR) of 9.8% from 2020 to 2025 [4]. With the potential for growth in the sector, AVK's focus on convertible securities and high-yield bonds positions it well to capitalize on market opportunities.

In addition to its strong investment strategy, AVK offers investors a source of income through preferred stocks and high-yield securities [1]. With the potential for upside over time from convertible issues, AVK provides a compelling opportunity for investors seeking both income and growth.

Sources:

[1] Stockanalysis.com. (2025, February 14). About AVK Advent Claymore Convertible Securities and Income Fund.
[2] Investopedia. (2022, March 22). Insider Trading.
[3] Seeking Alpha. (2025, February 2). Guggenheim Investments Announces February 2025 Closed-End Fund Distributions.
[4] Grand View Research. (2020, August 12). Global Asset Management Market Size, Share & Trends Analysis Report By Component, By End User, By Region And Segment Forecasts, 2020 - 2027.