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

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.62 and traded as low as $2.43. Credit Suisse Asset Management Income Fund shares last traded at $2.46, with a volume of 410,682 shares traded.

Credit Suisse Asset Management Income Fund Price Performance

The company’s 50 day simple moving average is $2.49 and its two-hundred day simple moving average is $2.62.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 16th will be paid a $0.02 dividend. The ex-dividend date is Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 9.8%.

Institutional Trading of Credit Suisse Asset Management Income Fund

Several large investors have recently made changes to their positions in CIK. Northwestern Mutual Wealth Management Co. raised its position in shares of Credit Suisse Asset Management Income Fund by 1,886.7% in 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 during the period. Fiera Capital Corp increased its stake in Credit Suisse Asset Management Income Fund by 93.0% during the fourth 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. Wells Fargo & Company MN raised its holdings in Credit Suisse Asset Management Income Fund by 15.1% in the 4th quarter. Wells Fargo & Company MN now owns 54,361 shares of the company’s stock valued at $154,000 after acquiring an additional 7,113 shares in the last quarter. Invesco Ltd. lifted its position in shares of Credit Suisse Asset Management Income Fund by 1.4% in the 2nd quarter. Invesco Ltd. now owns 531,135 shares of the company’s stock worth $1,572,000 after acquiring an additional 7,463 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Credit Suisse Asset Management Income Fund by 6.3% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 63,840 shares of the company’s stock worth $181,000 after purchasing an additional 3,759 shares in the last quarter. Institutional investors 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.