Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Share Price Breaks Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• CIK shares fell below their 200-day moving average, trading as low as $2.31 and last changing hands at $2.32, compared with the $2.47 long-term average.
• The fund declared a monthly dividend of $0.02 per share, equating to $0.24 annually and a 10.3% yield; the ex-dividend date is October 15.
• Institutional ownership stands at 29.49%, with several investors increasing or initiating positions during the second quarter, including Shaker Financial Services, which raised its stake by 204.3%.

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $2.47 and traded as low as $2.31. Credit Suisse Asset Management Income Fund shares last traded at $2.32, with a volume of 124,223 shares trading hands.

Credit Suisse Asset Management Income Fund Price Performance

The stock's 50 day moving average is $2.39 and its two-hundred day moving average is $2.47.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 15th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.24 annualized dividend and a dividend yield of 10.3%.

Institutional Trading of Credit Suisse Asset Management Income Fund

A number of institutional investors have recently modified their holdings of CIK. Landscape Capital Management L.L.C. acquired a new position in shares of Credit Suisse Asset Management Income Fund during the second quarter worth about $2,884,000. Shaker Financial Services LLC raised its position in Credit Suisse Asset Management Income Fund by 204.3% in the 2nd quarter. Shaker Financial Services LLC now owns 867,755 shares of the company's stock valued at $2,152,000 after buying an additional 582,569 shares during the last quarter. Bank of America Corp DE acquired a new stake in Credit Suisse Asset Management Income Fund in the 2nd quarter valued at approximately $535,000. Dynamic Advisor Solutions LLC raised its position in Credit Suisse Asset Management Income Fund by 9.0% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 73,477 shares of the company's stock valued at $182,000 after buying an additional 6,092 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its stake in Credit Suisse Asset Management Income Fund by 45.0% in the 2nd quarter. Susquehanna International Group LLP now owns 63,770 shares of the company's stock valued at $158,000 after acquiring an additional 19,804 shares in the last quarter. 29.49% of the stock is currently owned by institutional investors.

About Credit Suisse Asset Management Income Fund

Credit Suisse Asset Management Income Fund is a closed-end investment fund listed on the NYSE American under the symbol CIK. The fund is designed to provide investors with a high level of current income, with capital appreciation generally considered a secondary objective.

The fund invests primarily in a diversified portfolio of fixed-income securities. Its holdings may include corporate bonds, government and sovereign debt, mortgage-related securities and other income-producing instruments issued by U.S.

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