Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.68 and traded as low as $2.48. Credit Suisse Asset Management Income Fund shares last traded at $2.48, with a volume of 551,613 shares trading hands.

Credit Suisse Asset Management Income Fund Stock Performance

The stock has a 50 day moving average of $2.54 and a 200-day moving average of $2.68.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 23rd. Investors of record on Monday, June 15th will be paid a dividend of $0.02 per share. The ex-dividend date is Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CIK. Raymond James Financial Inc. bought a new position in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter valued at approximately $25,000. Concurrent Investment Advisors LLC bought a new position in Credit Suisse Asset Management Income Fund in the 4th quarter worth approximately $29,000. One Capital Management LLC bought a new position in Credit Suisse Asset Management Income Fund in the 4th quarter worth approximately $38,000. Compound Planning Inc. bought a new position in Credit Suisse Asset Management Income Fund in the 4th quarter worth approximately $43,000. Finally, Jane Street Group LLC bought a new position in Credit Suisse Asset Management Income Fund in the 2nd quarter worth approximately $59,000. 29.49% of the stock is currently owned by institutional investors.

About Credit Suisse Asset Management Income Fund

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.