Shaker Financial Services LLC Grows Stock Holdings 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 lifted its position in shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 130.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 209,133 shares of the company's stock after purchasing an additional 118,247 shares during the period. 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 institutional investors and hedge funds also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in shares of Credit Suisse Asset Management Income Fund by 8.8% in the 4th quarter. LPL Financial LLC now owns 1,624,704 shares of the company's stock worth $4,695,000 after purchasing an additional 131,598 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $409,000. Invesco Ltd. boosted its holdings in 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 worth $1,350,000 after purchasing an additional 83,246 shares during the last quarter. Stifel Financial Corp grew its position in 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 worth $238,000 after purchasing an additional 41,937 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in Credit Suisse Asset Management Income Fund during the 4th quarter valued at $74,000. Hedge funds and other institutional investors own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Stock Performance

NYSEAMERICAN:CIK remained flat at $2.99 during trading hours on Thursday. The company's stock had a trading volume of 431,889 shares, compared to its average volume of 386,290. Credit Suisse Asset Management Income Fund, Inc. has a 1-year low of $2.56 and a 1-year high of $3.13. The stock's 50 day simple moving average is $2.93.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, July 23rd. Shareholders of record on Wednesday, July 16th were paid a $0.0225 dividend. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date was Wednesday, July 16th.

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.