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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.88 and traded as low as $2.73. Credit Suisse Asset Management Income Fund shares last traded at $2.75, with a volume of 518,398 shares changing hands.

Credit Suisse Asset Management Income Fund Stock Performance

The stock’s 50-day moving average price is $2.83 and its 200 day moving average price is $2.88.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be given a dividend of $0.0225 per share. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after acquiring an additional 1,427,460 shares in the last quarter. Fiera Capital Corp grew its holdings in Credit Suisse Asset Management Income Fund by 93.0% during the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock worth $1,171,000 after acquiring an additional 199,448 shares in the last quarter. Shaker Financial Services LLC increased its position in Credit Suisse Asset Management Income Fund by 190.9% during the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after purchasing an additional 99,934 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Credit Suisse Asset Management Income Fund by 2,110.1% in the 4th quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after purchasing an additional 70,794 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Credit Suisse Asset Management Income Fund by 15.1% in the 2nd quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock worth $1,313,000 after purchasing an additional 58,250 shares during the period. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Company Profile

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.