Shaker Financial Services LLC Sells 167,981 Shares of Credit Suisse AM Inc Fund Inc. (CIK)

Shaker Financial Services LLC lessened its stake in Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) by 75.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,793 shares of the company’s stock after selling 167,981 shares during the period. Shaker Financial Services LLC’s holdings in Credit Suisse AM Inc Fund were worth $170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Financial Advisors LLC bought a new stake in shares of Credit Suisse AM Inc Fund in the 4th quarter valued at about $28,000. Integrated Capital Management Inc. bought a new stake in shares of Credit Suisse AM Inc Fund in the 1st quarter valued at about $40,000. Two Sigma Securities LLC bought a new stake in shares of Credit Suisse AM Inc Fund in the 4th quarter valued at about $44,000. FNY Investment Advisers LLC bought a new stake in shares of Credit Suisse AM Inc Fund in the 1st quarter valued at about $52,000. Finally, Mutual Advisors LLC bought a new stake in shares of Credit Suisse AM Inc Fund in the 4th quarter valued at about $54,000.

Shares of NYSEAMERICAN:CIK opened at $3.07 on Friday. Credit Suisse AM Inc Fund Inc. has a 1 year low of $2.66 and a 1 year high of $3.23.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, May 16th will be issued a dividend of $0.0225 per share. The ex-dividend date is Wednesday, May 15th. This represents a $0.27 dividend on an annualized basis and a yield of 8.79%.

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Credit Suisse AM Inc Fund Company Profile

Credit Suisse Asset Management Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.

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Institutional Ownership by Quarter for Credit Suisse AM Inc Fund (NYSEAMERICAN:CIK)

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