AVK Price Forecast & CEF Analysis. Distribution · NAV · Discount · Expense Ratio · RSI · MACD | US Stocks Today
Nov 5 at 4:00 PM ET (Korea 11/6 06:00)
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어드벤트 컨버터블 앤드 인컴 펀드AVK | NYSE | Bond fund 💰 This is a closed-end fund (CEF) focused on convertible bonds, managed by Advent Capital Management. It is an income-oriented product that invests in convertible securities and high-yield bonds to pay monthly distributions, while also utilizing leverage.
It runs 39% of assets on borrowed money.
Borrowing to buy more lifts gains and deepens losses. This is not the same as an ETF tracking 3x a day.
Against the value of what the fund holds you are paying 11.5% less.
Its holdings are worth $12.22 per share, but it trades at $10.81. Over the past year it usually traded 7.0% below value, so it is cheaper now.
Over the past 1 year, on the lower side
20% below its 1-year high.
Traded more than usual. That is 202% of its average volume.
Ex-dividend date: November 13
7 days to go. Buy before this date to receive the dividend.
Holding long would have lost money
Bought 5 years ago, your return today would be -38.3%. The S&P 500 did +56% over the same period.
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Dividends are paid consistently
Pays 13.20% annually in dividends.
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Ownership is about average
Institutions hold 27.5%.
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It ranks #673 of 1436 in the industry
Based on market cap of $470M.
AVK#673 Advent Convertible and Income Fund $470M PER - 
NOAH#676 Noah Holdings Ltd ADR $466M PER 5.7 
BMRC#678 Bank of Marin Bancorp $464M PER - 
FAQ
What kind of CEF is AVK?
AVK is a closed-end fund (CEF).
What is the distribution yield of AVK?
AVK's distribution yield is approximately 13.20%, paid out on a regular basis.
What is the 52-week high and low for AVK?
AVK has recorded a 52-week high of $13.28 and a low of $10.68.
