Robinson Capital Management LLC trimmed its holdings in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY – Free Report) by 90.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 294,611 shares of the real estate investment trust’s stock after selling 2,849,300 shares during the period. Robinson Capital Management LLC’s holdings in Credit Suisse High Yield Bond Fund were worth $524,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Rareview Capital LLC purchased a new position in Credit Suisse High Yield Bond Fund during the 2nd quarter valued at $1,861,000. Commonwealth Equity Services LLC increased its stake in Credit Suisse High Yield Bond Fund by 522.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 415,826 shares of the real estate investment trust’s stock worth $832,000 after purchasing an additional 349,002 shares during the period. Invesco Ltd. lifted its position in shares of Credit Suisse High Yield Bond Fund by 26.9% during the second quarter. Invesco Ltd. now owns 1,248,454 shares of the real estate investment trust’s stock worth $2,659,000 after purchasing an additional 264,382 shares during the last quarter. Fiera Capital Corp lifted its position in shares of Credit Suisse High Yield Bond Fund by 47.3% during the fourth quarter. Fiera Capital Corp now owns 611,983 shares of the real estate investment trust’s stock worth $1,224,000 after purchasing an additional 196,469 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in shares of Credit Suisse High Yield Bond Fund by 533.1% during the second quarter. Integrated Wealth Concepts LLC now owns 141,972 shares of the real estate investment trust’s stock worth $253,000 after purchasing an additional 119,546 shares during the last quarter.
Credit Suisse High Yield Bond Fund Price Performance
Shares of DHY opened at $1.70 on Thursday. The firm has a fifty day moving average price of $1.74 and a 200-day moving average price of $1.79. Credit Suisse High Yield Bond Fund, Inc. has a 12-month low of $1.69 and a 12-month high of $2.13.
Credit Suisse High Yield Bond Fund Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 16th will be given a $0.0155 dividend. This represents a c) annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 16th.
About Credit Suisse High Yield Bond Fund
The Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY) is a closed-end management investment company that seeks to provide investors with high current income by primarily investing in below-investment-grade, U.S. dollar-denominated corporate debt securities. The fund offers exposure to a broad array of high-yield bonds issued by companies across various sectors, including industrials, communications, and financial services. It is structured to trade on the NYSE American exchange, enabling investors to gain intraday access to a diversified high-yield portfolio.
In managing its portfolio, the fund adheres to a disciplined credit research process that evaluates issuers’ fundamentals, cash flow profiles, and relative valuations.
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