Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Shares Cross Below 200 Day Moving Average – Should You Sell?

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 $2.89 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 business has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $2.89.

Credit Suisse Asset Management Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 24th. Shareholders of record on Tuesday, February 17th will be paid a dividend of $0.0225 per share. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Several large investors have recently made changes to their positions in the company. Fiera Capital Corp increased its position in Credit Suisse Asset Management Income Fund by 93.0% in the 4th quarter. Fiera Capital Corp now owns 413,905 shares of the company’s stock valued at $1,171,000 after acquiring an additional 199,448 shares during the period. One Capital Management LLC acquired a new position in shares of Credit Suisse Asset Management Income Fund during the fourth quarter valued at $38,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Credit Suisse Asset Management Income Fund by 1,886.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,503,121 shares of the company’s stock valued at $4,254,000 after purchasing an additional 1,427,460 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Credit Suisse Asset Management Income Fund in the fourth quarter worth about $29,000. Finally, Shaker Financial Services LLC grew its position in Credit Suisse Asset Management Income Fund by 190.9% in the 4th quarter. Shaker Financial Services LLC now owns 152,270 shares of the company’s stock valued at $431,000 after buying an additional 99,934 shares in the last quarter. Institutional investors and hedge funds own 29.49% of the company’s stock.

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.