Credit Suisse Asset Management Income Fund, Inc. $CIK Shares Bought by Shaker Financial Services LLC

Shaker Financial Services LLC raised its position in shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) by 204.3% during the 2nd quarter, Holdings Channel reports. The firm owned 867,755 shares of the company’s stock after buying an additional 582,569 shares during the quarter. Shaker Financial Services LLC’s holdings in Credit Suisse Asset Management Income Fund were worth $2,152,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Dynamic Advisor Solutions LLC raised its stake in shares of Credit Suisse Asset Management Income Fund by 9.0% in the second quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company’s stock worth $182,000 after purchasing an additional 6,092 shares during the last quarter. Compound Planning Inc. purchased a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $43,000. Osaic Holdings Inc. increased its holdings in 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 worth $210,000 after buying an additional 70,794 shares during the period. Wells Fargo & Company MN increased its holdings in Credit Suisse Asset Management Income Fund by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock worth $154,000 after buying an additional 7,113 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Credit Suisse Asset Management Income Fund by 97.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 74,472 shares of the company’s stock worth $211,000 after buying an additional 36,825 shares during the last quarter. 29.49% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of NYSEAMERICAN CIK opened at $2.45 on Thursday. The company has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.57. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $2.42 and a 12 month high of $3.04.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 17th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

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.