Morgan Stanley Discloses AVK Stake in Amended 13G Filing
Ticker: AVK · Form: SC 13G · Filed: Feb 12, 2024 · CIK: 1219120
| Field | Detail |
|---|---|
| Company | Advent Convertible & Income Fund (AVK) |
| Form Type | SC 13G |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holding
TL;DR
**Morgan Stanley just confirmed its significant stake in Advent Convertible & Income Fund (AVK).**
AI Summary
Morgan Stanley, a major financial institution, filed an amended SC 13G on February 12, 2024, disclosing its ownership of common stock in Advent Convertible & Income Fund (AVK) as of December 31, 2023. This filing indicates that Morgan Stanley holds a significant, though not necessarily controlling, stake in AVK. For investors, this matters because large institutional holdings can signal confidence in the fund's management and strategy, potentially influencing its stock price and stability.
Why It Matters
This filing shows a major financial player, Morgan Stanley, has a notable position in Advent Convertible & Income Fund, which can be seen as a vote of confidence.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate negative risks.
Analyst Insight
A smart investor would note Morgan Stanley's continued interest in AVK, but also look for the actual percentage of ownership in the full filing to gauge the significance of this institutional holding.
Key Players & Entities
- Morgan Stanley (company) — the entity filing the SC 13G, disclosing its ownership
- Advent Convertible & Income Fund (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 12, 2024 (date) — the date the SC 13G was filed
Forward-Looking Statements
- Morgan Stanley will maintain its significant stake in Advent Convertible & Income Fund for the foreseeable future. (Morgan Stanley) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an 'SC 13G' filing, specifically an 'Amendment No.4' under the Securities Exchange Act of 1934.
Who is the 'Subject Company' in this filing?
The 'Subject Company' is ADVENT CONVERTIBLE & INCOME FUND, with CIK 0001219120 and SEC File Number 005-81420.
Who is the 'Filed By' entity in this document?
The 'Filed By' entity is MORGAN STANLEY, with CIK 0000895421.
What is the 'Title of Class of Securities' being reported?
The 'Title of Class of Securities' is 'Common Stock' of Advent Convertible & Income Fund.
What was the 'Date Of Event which Requires Filing of this Statement'?
The 'Date Of Event which Requires Filing of this Statement' was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 12, 2024 regarding ADVENT CONVERTIBLE & INCOME FUND (AVK).