Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s stock price passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $2.46 and traded as low as $2.29. Credit Suisse Asset Management Income Fund shares last traded at $2.31, with a volume of 275,829 shares changing hands.

Credit Suisse Asset Management Income Fund Stock Performance

The business’s fifty day moving average price is $2.37 and its 200-day moving average price is $2.46.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Thursday, October 15th were paid a $0.02 dividend. This represents a $0.24 annualized dividend and a dividend yield of 10.5%. The ex-dividend date was Thursday, October 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CIK. Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter worth $2,884,000. Shaker Financial Services LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 204.3% during the second quarter. Shaker Financial Services LLC now owns 867,755 shares of the company’s stock valued at $2,152,000 after purchasing an additional 582,569 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter worth about $535,000. Almitas Capital LLC bought a new position in Credit Suisse Asset Management Income Fund during the second quarter valued at approximately $155,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter worth approximately $148,000. 29.49% of the stock is currently owned by institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

Credit Suisse Asset Management Income Fund is a closed-end investment fund listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income, with capital appreciation generally considered a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities and other income-producing instruments issued by U.S.