Advent Convertible and Income Fund

Advent Convertible and Income Fundverified

AVK

Price:

$12.06

Market Cap:

$417.20M

Advent Claymore Convertible Securities and Income Fund is a closed-ended fixed income mutual fund launched and managed by Advent Capital Management, LLC. The fund primarily invests in the fixed income markets of the United States. It seeks to invest in securities of companies operating across the diversified sectors. The fund invests approximately 60% of its portfolio in convertible securities and rest in lower-grade non-convertible income securities. It employs fundamental analysis to create its portfolio. Advent Claymore Convertible Securities and Income Fund was formed on April 29, 2003 and is domiciled in the United States.[Read more]

Industry

Asset Management - Income

IPO Date

2003-04-30

Stock Exchange

NYSE

Ticker

AVK

The PE Ratio as of September 2024 (TTM) for Advent Convertible and Income Fund (AVK) is 11.06

According to Advent Convertible and Income Fund’s latest financial reports and current stock price. The company's current PE Ratio is 11.06. This represents a change of 1.24% compared to the average of 0.83 of the last 4 quarters.

Advent Convertible and Income Fund (AVK) Historical PE Ratio (quarterly & annually)

How has AVK PE Ratio performed in the past?

The mean historical PE Ratio of Advent Convertible and Income Fund over the last ten years is 839.16. The current 11.06 PE Ratio has changed 31.80% with respect to the historical average. Over the past ten years (40 quarters), AVK's PE Ratio was at its highest in in the July 2019 quarter at 35.24K. The PE Ratio was at its lowest in in the January 2018 quarter at -92700.22.

Quarterly (TTM)
Annual

Average

839.16

Median

4.91

Minimum

-46.70

Maximum

8.41K

Advent Convertible and Income Fund (AVK) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Advent Convertible and Income Fund PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 1.87%

Maximum Annual PE Ratio = 8.41K

Minimum Annual Increase = -45299.49%

Minimum Annual PE Ratio = -46.70

Quarterly (TTM)
Annual
YearPE RatioChange
2023-46.701.87%
2022-2.37-167.73%
20213.50-71.17%
202012.1426.65%
20199.59-132.31%
2018-29.67-570.27%
20176.31-99.92%
20168.41K-45299.49%
2015-18.61-139.01%
201447.69860.06%

Advent Convertible and Income Fund (AVK) Average PE Ratio

How has AVK PE Ratio performed in the past?

The current PE Ratio of Advent Convertible and Income Fund (AVK) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

-15.19

5-year avg

-4.77

10-year avg

839.16

Advent Convertible and Income Fund (AVK) PE Ratio vs. Peers

How is AVK’s PE Ratio compared to its peers?

Advent Convertible and Income Fund’s PE Ratio is greater than Nuveen Short Duration Credit Opportunities Fund (-13.96), greater than Nuveen Global High Income Fund (6.85), greater than Nuveen Senior Income Fund (-16.65), greater than Blackstone/GSO Strategic Credit Fund (6.17), greater than Thornburg Income Builder Opportunities Trust (5.39), greater than Western Asset Diversified Income Fund (6.53), greater than Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (9.14), greater than Cohen & Steers Real Estate Opportunities Income Fund (0), less than Legg Mason BW Global Income Opportunities Fund Inc. (11.14), greater than Western Asset Global High Income Fund Inc. (5.53), greater than Pioneer Floating Rate Fund, Inc. (9.26), greater than Nuveen Core Equity Alpha Fund (5.43), greater than BlackRock MuniHoldings Fund, Inc. (-1012.63), less than DTF Tax-Free Income 2028 Term Fund Inc. (257.08), less than John Hancock Income Securities Trust (22.10), less than MFS Investment Grade Municipal Trust (28.38), greater than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Nuveen Taxable Municipal Income Fund (8.46), less than BlackRock Taxable Municipal Bond Trust (27.89), less than DWS Municipal Income Trust (35.99), greater than Eaton Vance Senior Income Trust (3.54),

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