Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Price Crosses Below 200-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 Wednesday . The stock has a 200-day moving average of $2.91 and traded as low as $2.79. Credit Suisse Asset Management Income Fund shares last traded at $2.80, with a volume of 428,553 shares traded.

Credit Suisse Asset Management Income Fund Stock Performance

The firm’s 50-day simple moving average is $2.84 and its two-hundred day simple moving average is $2.91.

Credit Suisse Asset Management Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 15th will be issued a dividend of $0.0225 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIK. Wedbush Securities Inc. grew its stake in shares of Credit Suisse Asset Management Income Fund by 13.6% during the 2nd quarter. Wedbush Securities Inc. now owns 51,585 shares of the company’s stock worth $153,000 after purchasing an additional 6,175 shares during the period. Invesco Ltd. lifted its stake in shares of Credit Suisse Asset Management Income Fund by 1.4% in the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after purchasing an additional 7,463 shares during the period. Raymond James Financial Inc. purchased a new stake in Credit Suisse Asset Management Income Fund during the second quarter worth $25,000. Unified Investment Management purchased a new stake in Credit Suisse Asset Management Income Fund during the second quarter worth $31,000. Finally, World Investment Advisors acquired a new stake in Credit Suisse Asset Management Income Fund during the third quarter valued at $32,000. 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 is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.