Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Share Price Crosses Above Fifty Day Moving Average - What's Next?

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report)'s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $2.86 and traded as high as $2.96. Credit Suisse Asset Management Income Fund shares last traded at $2.96, with a volume of 95,926 shares.

Credit Suisse Asset Management Income Fund Trading Down 0.3%

The company has a fifty day simple moving average of $2.87.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 16th will be given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a yield of 9.09%. The ex-dividend date of this dividend is Wednesday, July 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CIK. Strategic Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 1st quarter valued at approximately $42,000. Virtu Financial LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $45,000. Citadel Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $74,000. Atria Wealth Solutions Inc. grew its holdings in shares of Credit Suisse Asset Management Income Fund by 118.0% during the first quarter. Atria Wealth Solutions Inc. now owns 49,550 shares of the company's stock valued at $144,000 after buying an additional 26,819 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the first quarter valued at approximately $177,000. 29.49% of the stock is owned by institutional investors.

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.