LPL Financial LLC Has $3.99 Million Position in Credit Suisse Asset Management Income Fund, Inc. $CIK

Key Points

• LPL Financial LLC reduced its stake in Credit Suisse Asset Management Income Fund by 15.2% during the first quarter, now owning approximately 2.59% of the fund's shares, valued at about $3.99 million.
• The fund has recently declared a dividend of $0.0225 per share, with a yield of 905.0%, and will be paid to shareholders on August 22nd.
• Credit Suisse Asset Management Income Fund's stock opened at $3.00, with a 52-week range between $2.56 and $3.13.

LPL Financial LLC cut its stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 15.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,377,264 shares of the company's stock after selling 247,440 shares during the period. LPL Financial LLC owned approximately 2.59% of Credit Suisse Asset Management Income Fund worth $3,994,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco Ltd. raised its stake in shares of Credit Suisse Asset Management Income Fund by 21.7% in the fourth quarter. Invesco Ltd. now owns 467,185 shares of the company's stock valued at $1,350,000 after purchasing an additional 83,246 shares in the last quarter. Calamos Advisors LLC bought a new stake in Credit Suisse Asset Management Income Fund in the 1st quarter valued at $348,000. Shaker Financial Services LLC bought a new stake in Credit Suisse Asset Management Income Fund in the 4th quarter valued at $263,000. Stifel Financial Corp raised its stake in shares of Credit Suisse Asset Management Income Fund by 103.5% in the 4th quarter. Stifel Financial Corp now owns 82,437 shares of the company's stock valued at $238,000 after buying an additional 41,937 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 15.3% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock worth $182,000 after acquiring an additional 8,337 shares during the period. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of Credit Suisse Asset Management Income Fund stock traded down $0.01 during trading on Tuesday, hitting $2.98. 159,249 shares of the company's stock traded hands, compared to its average volume of 571,486. The business's fifty day simple moving average is $2.95. Credit Suisse Asset Management Income Fund, Inc. has a twelve month low of $2.56 and a twelve month high of $3.13.

Credit Suisse Asset Management Income Fund Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.0225 per share. This represents a yield of 905.0%. The ex-dividend date of this dividend is Friday, August 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.