Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.90 and traded as low as $2.83. Credit Suisse Asset Management Income Fund shares last traded at $2.83, with a volume of 274,809 shares changing hands.

Credit Suisse Asset Management Income Fund Trading Down 0.7%

The business’s 50-day moving average is $2.83 and its 200-day moving average is $2.90.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 16th were paid a $0.0225 dividend. The ex-dividend date was Friday, January 16th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

A number of large investors have recently bought and sold shares of the business. Shaker Financial Services LLC raised its position in Credit Suisse Asset Management Income Fund by 46.5% in the 2nd quarter. Shaker Financial Services LLC now owns 306,376 shares of the company’s stock valued at $907,000 after purchasing an additional 97,243 shares during the last quarter. Wedbush Securities Inc. increased its stake in shares of Credit Suisse Asset Management Income Fund by 13.6% in the second quarter. Wedbush Securities Inc. now owns 51,585 shares of the company’s stock valued at $153,000 after buying an additional 6,175 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Credit Suisse Asset Management Income Fund by 1.4% in the second quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after buying an additional 7,463 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $25,000. Finally, Jane Street Group LLC acquired a new position in Credit Suisse Asset Management Income Fund during the 2nd quarter worth about $59,000. 29.49% of the stock is currently owned by institutional investors.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world’s leading asset managers. The fund’s primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.

The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.