Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Crosses Above 50-Day Moving Average - Time to Sell?

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Credit Suisse Asset Management Income Fund Stock Performance

The firm's 50 day moving average is $2.86.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 16th will be issued a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend is Wednesday, July 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new position in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $409,000. LPL Financial LLC lifted its stake in shares of Credit Suisse Asset Management Income Fund by 8.8% in the 4th quarter. LPL Financial LLC now owns 1,624,704 shares of the company's stock valued at $4,695,000 after purchasing an additional 131,598 shares during the period. Citadel Advisors LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at $74,000. Dynamic Advisor Solutions LLC boosted its position in shares of Credit Suisse Asset Management Income Fund by 15.3% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock worth $182,000 after purchasing an additional 8,337 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the fourth quarter worth $45,000. Institutional investors and hedge funds 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.