Credit Suisse Asset Management Income Fund (NYSEAMERICAN:CIK) Stock Price Down 1.2% – Here’s What Happened

Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)’s stock price fell 1.2% during trading on Monday . The stock traded as low as $2.96 and last traded at $2.97. 1,003,068 shares were traded during mid-day trading, an increase of 241% from the average session volume of 294,562 shares. The stock had previously closed at $3.00.

Credit Suisse Asset Management Income Fund Stock Down 1.2 %

Institutional Inflows and Outflows

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

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.