Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Share Price Crosses Below 200 Day Moving Average - Should You Sell?

Key Points

• Shares of Credit Suisse Asset Management Income Fund (CIK) crossed below their 200‑day moving average
• The fund announced a monthly dividend of $0.02 payable March 23 (ex‑dividend March 16), implying an annualized yield of about 9.3%.
• Several institutional investors materially increased positions—e.g., Northwestern Mutual raised its stake by 1,886.7% to 1,503,121 shares—and institutions now own roughly 29.49% of the stock.

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.85 and traded as low as $2.59. Credit Suisse Asset Management Income Fund shares last traded at $2.59, with a volume of 668,007 shares changing hands.

Credit Suisse Asset Management Income Fund Trading Down 1.1%

The stock has a 50-day moving average of $2.79 and a 200 day moving average of $2.85.

Credit Suisse Asset Management Income Fund Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 16th will be paid a $0.02 dividend. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date is Monday, March 16th.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its stake in Credit Suisse Asset Management Income Fund by 1,886.7% in the fourth 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 during the last quarter. Fiera Capital Corp increased its stake in shares of 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 worth $1,171,000 after purchasing an additional 199,448 shares during the last quarter. Shaker Financial Services LLC raised its holdings in shares of Credit Suisse Asset Management Income Fund by 190.9% in the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company's stock worth $431,000 after purchasing an additional 99,934 shares during the period. Osaic Holdings Inc. raised its holdings in shares of Credit Suisse Asset Management Income Fund by 2,110.1% in the 4th quarter. Osaic Holdings Inc. now owns 74,149 shares of the company's stock worth $210,000 after purchasing an additional 70,794 shares during the period. Finally, Bank of America Corp DE lifted its stake in Credit Suisse Asset Management Income Fund by 15.1% in the second quarter. Bank of America Corp DE now owns 443,692 shares of the company's stock valued at $1,313,000 after purchasing an additional 58,250 shares during the last quarter. 29.49% of the stock is currently owned by institutional investors.

Credit Suisse Asset Management Income Fund Company Profile

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.

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