Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIKGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.60 and traded as low as $2.44. Credit Suisse Asset Management Income Fund shares last traded at $2.44, with a volume of 273,263 shares.

Credit Suisse Asset Management Income Fund Stock Up 0.4%

The stock’s 50-day moving average price is $2.48 and its 200 day moving average price is $2.60.

Credit Suisse Asset Management Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 16th were given a $0.02 dividend. The ex-dividend date of this dividend was Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Credit Suisse Asset Management Income Fund in the second quarter valued at approximately $25,000. Concurrent Investment Advisors LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at approximately $29,000. One Capital Management LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at approximately $38,000. Compound Planning Inc. bought a new position in shares of Credit Suisse Asset Management Income Fund in the fourth quarter valued at $43,000. Finally, Jane Street Group LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter valued at $59,000. 29.49% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

(Get Free Report)

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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