Envestnet Asset Management Inc. Trims Stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

Envestnet Asset Management Inc. trimmed its stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 79.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 47,804 shares of the company's stock after selling 185,069 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of Credit Suisse Asset Management Income Fund worth $138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC bought a new position in shares of Credit Suisse Asset Management Income Fund during the 3rd quarter worth approximately $37,000. Dynamic Advisor Solutions LLC grew its holdings in Credit Suisse Asset Management Income Fund by 20.2% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company's stock valued at $157,000 after buying an additional 9,150 shares in the last quarter. IMS Capital Management lifted its stake in Credit Suisse Asset Management Income Fund by 2.9% in the 4th quarter. IMS Capital Management now owns 201,321 shares of the company's stock worth $582,000 after purchasing an additional 5,679 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Credit Suisse Asset Management Income Fund by 63.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 22,731 shares of the company's stock valued at $66,000 after buying an additional 8,831 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $253,000. Institutional investors own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Price Performance

NYSEAMERICAN CIK traded up $0.01 on Friday, reaching $2.83. 805,686 shares of the company's stock traded hands, compared to its average volume of 484,854. The stock has a 50-day moving average price of $2.81. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $2.56 and a 12 month high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 15th will be given a $0.0225 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.54%. The ex-dividend date of this dividend is Thursday, May 15th.

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.