Shares of Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $3.13. Credit Suisse AM Inc Fund shares last traded at $3.14, with a volume of 1,800 shares.
The company also recently disclosed a monthly dividend, which was paid on Monday, June 24th. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.0225 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a $0.27 annualized dividend and a yield of 8.63%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pennsylvania Trust Co purchased a new position in shares of Credit Suisse AM Inc Fund in the 1st quarter valued at $6,441,000. MML Investors Services LLC increased its holdings in shares of Credit Suisse AM Inc Fund by 15.6% in the 4th quarter. MML Investors Services LLC now owns 98,221 shares of the company’s stock valued at $272,000 after acquiring an additional 13,224 shares during the period. RMB Capital Management LLC purchased a new position in shares of Credit Suisse AM Inc Fund in the 4th quarter valued at $337,000. Stratos Wealth Advisors LLC purchased a new position in shares of Credit Suisse AM Inc Fund in the 1st quarter valued at $112,000. Finally, Lindbrook Capital LLC purchased a new position in shares of Credit Suisse AM Inc Fund in the 1st quarter valued at $77,000.
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.
Further Reading: Trading Stocks – What are percentage gainers?
Receive News & Ratings for Credit Suisse AM Inc Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Credit Suisse AM Inc Fund and related companies with MarketBeat.com's FREE daily email newsletter.