Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Shares Sold by LPL Financial LLC

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 lowered its position in shares of 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 SEC. The firm owned 1,377,264 shares of the company's stock after selling 247,440 shares during the quarter. LPL Financial LLC owned about 2.59% of Credit Suisse Asset Management Income Fund worth $3,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 1st quarter valued at about $42,000. Citadel Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $74,000. Dynamic Advisor Solutions LLC grew its position in shares of Credit Suisse Asset Management Income Fund by 15.3% in the first quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock valued at $182,000 after purchasing an additional 8,337 shares in the last quarter. Stifel Financial Corp lifted its holdings in Credit Suisse Asset Management Income Fund by 103.5% in the fourth quarter. Stifel Financial Corp now owns 82,437 shares of the company's stock valued at $238,000 after acquiring an additional 41,937 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new position in Credit Suisse Asset Management Income Fund in the fourth quarter valued at approximately $263,000. Institutional investors and hedge funds own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Stock Performance

CIK opened at $3.00 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a one year low of $2.56 and a one year high of $3.13. The firm has a 50 day simple moving average of $2.94.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, August 22nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.0225 per share. This represents a yield of 905.0%. The ex-dividend date is Friday, August 15th.

Credit Suisse Asset Management Income Fund 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.

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