Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lifted its stake in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) by 20.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,489 shares of the company’s stock after purchasing an additional 9,150 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Credit Suisse Asset Management Income Fund were worth $157,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund during the third quarter valued at $34,000. Jane Street Group LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the third quarter worth about $37,000. Fortis Group Advisors LLC acquired a new position in Credit Suisse Asset Management Income Fund in the third quarter valued at approximately $39,000. B. Riley Wealth Advisors Inc. boosted its position in Credit Suisse Asset Management Income Fund by 14.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 26,905 shares of the company’s stock worth $80,000 after purchasing an additional 3,337 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Credit Suisse Asset Management Income Fund by 555.2% during the 3rd quarter. Fiera Capital Corp now owns 166,450 shares of the company’s stock worth $514,000 after purchasing an additional 141,044 shares during the period. 29.49% of the stock is currently owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

CIK opened at $2.93 on Wednesday. Credit Suisse Asset Management Income Fund, Inc. has a 1 year low of $2.82 and a 1 year high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 16th were given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.22%. The ex-dividend date was Thursday, January 16th.

Insider Buying and Selling at Credit Suisse Asset Management Income Fund

In other news, insider Laura A. Defelice purchased 40,766 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average cost of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the transaction, the insider now owns 47,402 shares of the company’s stock, valued at $138,413.84. This trade represents a 614.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 18.63% of the stock is owned by corporate insiders.

About Credit Suisse Asset Management Income Fund

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.