Credit Suisse AM Inc Fund Inc. (NYSEAMERICAN:CIK) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $3.26. Credit Suisse AM Inc Fund shares last traded at $3.26, with a volume of 1,779 shares trading hands.
The company also recently disclosed a monthly dividend, which will be paid on Monday, December 23rd. Investors of record on Tuesday, December 17th will be paid a dividend of $0.0225 per share. This represents a $0.27 annualized dividend and a yield of 8.31%. The ex-dividend date is Monday, December 16th.
Institutional investors have recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC bought a new position in Credit Suisse AM Inc Fund in the second quarter valued at approximately $33,000. First Allied Advisory Services Inc. bought a new position in Credit Suisse AM Inc Fund in the second quarter valued at approximately $34,000. Millennium Management LLC bought a new position in Credit Suisse AM Inc Fund in the third quarter valued at approximately $39,000. Cetera Advisors LLC bought a new position in Credit Suisse AM Inc Fund in the second quarter valued at approximately $49,000. Finally, Integrated Capital Management Inc. lifted its stake in Credit Suisse AM Inc Fund by 24.2% in the third quarter. Integrated Capital Management Inc. now owns 19,731 shares of the company’s stock valued at $62,000 after buying an additional 3,849 shares in the last quarter.
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.
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