Northwestern Mutual Wealth Management Co. Boosts Stake in Credit Suisse Asset Management Income Fund, Inc. $CIK

Northwestern Mutual Wealth Management Co. raised its holdings in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) by 1,886.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,503,121 shares of the company’s stock after purchasing an additional 1,427,460 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Credit Suisse Asset Management Income Fund were worth $4,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Credit Suisse Asset Management Income Fund in the second quarter valued at $25,000. Concurrent Investment Advisors LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 4th quarter valued at $29,000. Jane Street Group LLC purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at $59,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at $81,000. Finally, Dynamic Advisor Solutions LLC raised its holdings in shares of Credit Suisse Asset Management Income Fund by 6.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock valued at $181,000 after buying an additional 3,759 shares during the period. Hedge funds and other institutional investors own 29.49% of the company’s stock.

Credit Suisse Asset Management Income Fund Stock Performance

CIK stock opened at $2.53 on Monday. Credit Suisse Asset Management Income Fund, Inc. has a 12-month low of $2.44 and a 12-month high of $3.04. The business’s fifty day moving average price is $2.55 and its 200 day moving average price is $2.72.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were issued a $0.02 dividend. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date was Friday, May 15th.

Credit Suisse Asset Management Income Fund Company Profile

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.