Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.91 and traded as low as $2.79. Credit Suisse Asset Management Income Fund shares last traded at $2.80, with a volume of 428,553 shares trading hands.

Credit Suisse Asset Management Income Fund Stock Performance

The company’s fifty day moving average is $2.84 and its 200-day moving average is $2.91.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 15th will be issued a $0.0225 dividend. The ex-dividend date is Monday, December 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.6%.

Institutional Investors Weigh In On Credit Suisse Asset Management Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in Credit Suisse Asset Management Income Fund in the second quarter worth about $25,000. Unified Investment Management bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter valued at about $31,000. World Investment Advisors purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth approximately $32,000. Tactive Advisors LLC purchased a new position in shares of Credit Suisse Asset Management Income Fund in the 2nd quarter worth approximately $37,000. Finally, Jane Street Group LLC bought a new position in shares of Credit Suisse Asset Management Income Fund during the 2nd quarter worth approximately $59,000. 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 is a closed-ended fixed income mutual fund launched and managed by Credit Suisse Asset Management, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in high yield corporate debt such as bonds and debentures that are rated Baa or lower by Moody's or BBB or lower by S&P.