Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.53 and traded as low as $2.42. Credit Suisse Asset Management Income Fund shares last traded at $2.42, with a volume of 186,351 shares trading hands.
Credit Suisse Asset Management Income Fund Price Performance
The business has a fifty day simple moving average of $2.45 and a two-hundred day simple moving average of $2.53.
Credit Suisse Asset Management Income Fund Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 17th were issued a $0.02 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%.
Institutional Trading of Credit Suisse Asset Management Income Fund
Large investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP raised its position in Credit Suisse Asset Management Income Fund by 45.0% in the second quarter. Susquehanna International Group LLP now owns 63,770 shares of the company's stock worth $158,000 after acquiring an additional 19,804 shares during the period. Two Sigma Securities LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $78,000. Almitas Capital LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $155,000. Bank of America Corp DE purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter worth $535,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter worth $148,000. 29.49% of the stock is currently owned by institutional investors.
About Credit Suisse Asset Management Income Fund
(
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Credit Suisse Asset Management Income Fund Inc (NYSE American: CIK) is a closed-end management investment company managed by Credit Suisse Asset Management, one of the world's leading asset managers. The fund's primary objective is to provide shareholders with a high level of current income, with a secondary objective of capital appreciation. It achieves this by investing in a diversified portfolio of income-producing securities across fixed-income and equity markets.
The fund typically allocates assets to a mix of investment-grade and below-investment-grade corporate bonds, bank loans, mortgage- and asset-backed securities, convertible securities and dividend-paying equities.
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