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The Fund’s investment objective is to provide total return, through a combination of capital appreciation and current income. Under normal market conditions, the Fund will invest at least 80% of its managed assets in a diversified portfolio of convertible securities and non-convertible income securities. Under normal market conditions, the Fund will invest at least 60% of its managed assets in convertible securities and up to 40% of its managed assets in lower-grade, non-convertible income securities, although the portion of the Fund's assets invested in convertible securities and non-convertible income securities will vary from time to time consistent with the Fund's investment objective, changes in equity prices and changes in interest rates and other economic and market factors. The Fund expects to invest approximately 70% of its assets in lower-grade securities, however from time to time it is possible that all of the Fund’s assets may be invested in lower-grade securities. The Fund may invest without limitation in securities of foreign issuers and the Fund’s investment in foreign securities may vary over time in the discretion of the Fund’s investment advisor.
Advent Claymore Conv & Income trades on the NYSE stock market under the symbol AVK.
As of December 31, 2025, AVK stock price was flat at $12.54 with 185,978 million shares trading.
AVK has a beta of 0.80, meaning it tends to be less sensitive to market movements. AVK has a correlation of 0.75 to the broad based SPY ETF.
AVK has a market cap of $553.63 million. This is considered a Small Cap stock.
In the last 3 years, AVK traded as high as $13.19 and as low as $9.24.
AVK has outperformed the market in the last year with a price return of +18.6% while the SPY ETF gained +17.2%. However, in the short term, AVK had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.8% vs +2.7% return in SPY. But in the last 2 weeks, AVK shares have fared better than the market returning +2.1% compared to SPY +0.7%.
AVK support price is $12.44 and resistance is $12.65 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVK shares will trade within this expected range on the day.
