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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.70 and traded as low as $2.53. Credit Suisse Asset Management Income Fund shares last traded at $2.54, with a volume of 572,953 shares changing hands.

Credit Suisse Asset Management Income Fund Price Performance

The business has a fifty day simple moving average of $2.55 and a 200 day simple moving average of $2.70.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 15th were paid a dividend of $0.02 per share. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, May 15th.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

A number of large investors have recently added to or reduced their stakes in CIK. Northwestern Mutual Wealth Management Co. increased its holdings in Credit Suisse Asset Management Income Fund by 1,886.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after acquiring an additional 1,427,460 shares in the last quarter. Fiera Capital Corp increased its holdings in Credit Suisse Asset Management Income Fund by 93.0% during the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock valued at $1,171,000 after acquiring an additional 199,448 shares in the last quarter. Shaker Financial Services LLC increased its holdings in Credit Suisse Asset Management Income Fund by 190.9% during the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after acquiring an additional 99,934 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Credit Suisse Asset Management Income Fund by 2,110.1% during the 4th quarter. Osaic Holdings Inc. now owns 74,149 shares of the company’s stock valued at $210,000 after acquiring an additional 70,794 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in Credit Suisse Asset Management Income Fund by 15.1% during the 2nd quarter. Bank of America Corp DE now owns 443,692 shares of the company’s stock valued at $1,313,000 after acquiring an additional 58,250 shares in the last quarter. 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 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.