Advent Claymore Convertible Securities & Income Fund II (NYSE:AGC) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in Advent Claymore Convertible Securities & Income Fund II (NYSE:AGC) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 988,665 shares of the exchange traded fund’s stock after selling 73,733 shares during the quarter. Advisors Asset Management Inc. owned about 3.07% of Advent Claymore Convertible Securities & Income Fund II worth $6,169,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Advent Claymore Convertible Securities & Income Fund II by 2.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,003,308 shares of the exchange traded fund’s stock valued at $6,251,000 after purchasing an additional 22,322 shares during the period. Robinson Capital Management LLC raised its stake in Advent Claymore Convertible Securities & Income Fund II by 241.2% during the 2nd quarter. Robinson Capital Management LLC now owns 279,513 shares of the exchange traded fund’s stock worth $1,741,000 after buying an additional 197,601 shares during the period. Shaker Financial Services LLC raised its stake in Advent Claymore Convertible Securities & Income Fund II by 415.9% during the 2nd quarter. Shaker Financial Services LLC now owns 100,474 shares of the exchange traded fund’s stock worth $626,000 after buying an additional 81,000 shares during the period. Advisor Group Inc. raised its stake in Advent Claymore Convertible Securities & Income Fund II by 1.5% during the 2nd quarter. Advisor Group Inc. now owns 66,161 shares of the exchange traded fund’s stock worth $412,000 after buying an additional 966 shares during the period. Finally, Doliver Capital Advisors LP acquired a new stake in Advent Claymore Convertible Securities & Income Fund II during the 3rd quarter worth $377,000.

In other news, insider William Richard Brown sold 360,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $0.30, for a total value of $108,000.00. Also, insider Advent Capital Management /De/ sold 469,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $6.19, for a total value of $2,903,110.00. Following the completion of the transaction, the insider now owns 390,544 shares of the company’s stock, valued at approximately $2,417,467.36. The disclosure for this sale can be found here. In the last three months, insiders acquired 699,500 shares of company stock worth $208,625 and sold 1,411,564 shares worth $6,580,118.

Shares of Advent Claymore Convertible Securities & Income Fund II (AGC) traded up $0.02 during trading on Tuesday, reaching $6.02. The company had a trading volume of 230,535 shares, compared to its average volume of 137,333. Advent Claymore Convertible Securities & Income Fund II has a twelve month low of $5.51 and a twelve month high of $6.49.

The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a $0.047 dividend. This represents a $0.56 annualized dividend and a dividend yield of 9.37%. The ex-dividend date is Thursday, December 14th.

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Institutional Ownership by Quarter for Advent Claymore Convertible Securities & Income Fund II (NYSE:AGC)

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