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

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.50 and traded as low as $2.34. Credit Suisse Asset Management Income Fund shares last traded at $2.38, with a volume of 1,425,658 shares traded.

Credit Suisse Asset Management Income Fund Stock Performance

The firm’s 50-day moving average is $2.43 and its two-hundred day moving average is $2.50.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a c) dividend on an annualized basis and a dividend yield of 10.1%.

Institutional Trading of Credit Suisse Asset Management Income Fund

Institutional investors have recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its position in shares of Credit Suisse Asset Management Income Fund by 9.0% during 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 in the last quarter. One Capital Management LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund during the fourth quarter worth $38,000. Susquehanna International Group LLP grew its holdings in shares of Credit Suisse Asset Management Income Fund by 45.0% during the second quarter. Susquehanna International Group LLP now owns 63,770 shares of the company’s stock worth $158,000 after buying an additional 19,804 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the second quarter valued at about $78,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter worth about $148,000. 29.49% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund is a closed-end investment company listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income through a professionally managed portfolio of fixed-income securities.

The fund primarily invests in corporate bonds, loans and other debt instruments, including securities that may carry below-investment-grade ratings. Its portfolio may include obligations issued by companies and other borrowers in the United States and international markets, exposing investors to credit, interest-rate and foreign-market risks.

Credit Suisse Asset Management Income Fund was established as part of Credit Suisse Asset Management’s closed-end fund offerings.