Shaker Financial Services LLC Boosts Position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

Key Points

• Shaker Financial Services LLC increased its stake in Credit Suisse Asset Management Income Fund by 130.1% during the first quarter, owning a total of 209,133 shares valued at approximately $606,000.
• The Credit Suisse Asset Management Income Fund recently announced a monthly dividend of $0.0225, yielding 9.0% on an annualized basis.
• Shares of Credit Suisse Asset Management Income Fund are trading between a twelve-month low of $2.56 and a high of $3.13, currently opening at $2.99.

Shaker Financial Services LLC raised its holdings in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 130.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 209,133 shares of the company's stock after purchasing an additional 118,247 shares during the quarter. Shaker Financial Services LLC owned 0.39% of Credit Suisse Asset Management Income Fund worth $606,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Strategic Advisors LLC bought a new position in Credit Suisse Asset Management Income Fund in the 1st quarter valued at approximately $42,000. Citadel Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the fourth quarter worth $74,000. Dynamic Advisor Solutions LLC increased its holdings in shares of Credit Suisse Asset Management Income Fund by 15.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 62,826 shares of the company's stock worth $182,000 after buying an additional 8,337 shares in the last quarter. Stifel Financial Corp lifted 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 acquiring an additional 41,937 shares during the last quarter. Finally, Calamos Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the 1st quarter valued at $348,000. Institutional investors own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Stock Performance

Shares of CIK stock traded down $0.02 during trading hours on Friday, hitting $2.97. 294,211 shares of the company's stock traded hands, compared to its average volume of 371,817. The firm has a 50 day moving average price of $2.93. 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 business also recently announced a monthly dividend, which was paid on Wednesday, July 23rd. Investors of record on Wednesday, July 16th were issued a $0.0225 dividend. The ex-dividend date was Wednesday, July 16th. This represents a c) annualized dividend and a yield of 9.1%.

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.