CEO MAITLAND TRACY V bought 13,179 shares at $11.28 (totaling $148,659.12) in two transactions; 6 other insiders also bought within 14 days.
MAITLAND TRACY V, as Chairman, President & CEO of Advent Convertible & Income Fund, executed 2 separate purchases totaling 13,179 shares for $148,659.12 at $11.28 on 2024-10-17. The timing is notable: the stock is trading at $11.40, down 11.3% from its 52-week high of $12.85 and down 9.1% over the past 90 days. What distinguishes this transaction is the cluster pattern—6 other insiders also purchased within the past 14 days, indicating coordinated insider buying activity. While the CEO's prior open-market sales (3 prior sells across his cross-ticker track record) have achieved a 90-day well-timed rate of 100.00%, his same-ticker history at AVK shows 3 prior sales with an average 90-day return of -14.0%, suggesting a pattern of selling before declines. This current buy occurs at depressed relative levels and alongside broader insider accumulation, which warrants investor attention to whether this signals confidence in the fund's value or reflects other considerations.