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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Credit Suisse Asset Management Income Fund Trading Down 0.7%

The firm has a fifty day simple moving average of $2.83 and a 200-day simple moving average of $2.90.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 16th were given a dividend of $0.0225 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 9.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Shaker Financial Services LLC increased its position in shares of Credit Suisse Asset Management Income Fund by 46.5% in the second quarter. Shaker Financial Services LLC now owns 306,376 shares of the company’s stock worth $907,000 after purchasing an additional 97,243 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter worth about $29,000. B. Riley Wealth Advisors Inc. acquired a new stake in Credit Suisse Asset Management Income Fund during the second quarter worth about $81,000. Bank of America Corp DE increased its holdings in 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 valued at $1,313,000 after buying an additional 58,250 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at approximately $59,000. 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 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.