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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.89 and traded as low as $2.80. Credit Suisse Asset Management Income Fund shares last traded at $2.80, with a volume of 518,752 shares changing hands.

Credit Suisse Asset Management Income Fund Stock Down 0.7%

The stock has a 50 day moving average price of $2.83 and a 200 day moving average price of $2.89.

Credit Suisse Asset Management Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be given a $0.0225 dividend. The ex-dividend date is Tuesday, February 17th. This represents a c) annualized dividend and a yield of 9.6%.

Hedge Funds Weigh In On Credit Suisse Asset Management Income Fund

Several hedge funds have recently made changes to their positions in CIK. Raymond James Financial Inc. acquired a new stake in Credit Suisse Asset Management Income Fund during the second quarter valued at approximately $25,000. Concurrent Investment Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund in the fourth quarter worth approximately $29,000. World Investment Advisors bought a new position in shares of Credit Suisse Asset Management Income Fund in the third quarter valued at $32,000. Tactive Advisors LLC bought a new position in shares of Credit Suisse Asset Management Income Fund in the second quarter valued at $37,000. Finally, One Capital Management LLC acquired a new stake in shares of Credit Suisse Asset Management Income Fund during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.