Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.92 and traded as low as $2.82. Credit Suisse Asset Management Income Fund shares last traded at $2.83, with a volume of 121,034 shares.

Credit Suisse Asset Management Income Fund Price Performance

The stock has a 50-day moving average price of $2.88 and a 200 day moving average price of $2.92.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 24th. Shareholders of record on Monday, November 17th were issued a $0.0225 dividend. The ex-dividend date was Monday, November 17th. This represents a c) annualized dividend and a yield of 9.5%.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds have recently modified their holdings of the stock. Wedbush Securities Inc. grew its stake in Credit Suisse Asset Management Income Fund by 13.6% during the second quarter. Wedbush Securities Inc. now owns 51,585 shares of the company’s stock worth $153,000 after buying an additional 6,175 shares during the period. Invesco Ltd. lifted its holdings in shares of Credit Suisse Asset Management Income Fund by 1.4% during the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock valued at $1,572,000 after acquiring an additional 7,463 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at $25,000. Unified Investment Management purchased a new stake in Credit Suisse Asset Management Income Fund during the 2nd quarter worth $31,000. Finally, World Investment Advisors purchased a new stake in Credit Suisse Asset Management Income Fund during the 3rd quarter worth $32,000. 29.49% of the stock is owned by institutional investors and hedge funds.

About Credit Suisse Asset Management Income Fund

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.