Wolverine Asset Management LLC Invests $235,000 in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK)

Posted by Defense World Staff on Apr 22nd, 2023

Wolverine Asset Management LLC purchased a new position in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK – Get Rating) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 93,222 shares of the company’s stock, valued at approximately $235,000. Wolverine Asset Management LLC owned 0.18% of Credit Suisse Asset Management Income Fund at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Credit Suisse Asset Management Income Fund during the second quarter valued at approximately $32,000. Astoria Portfolio Advisors LLC. acquired a new stake in Credit Suisse Asset Management Income Fund during the fourth quarter valued at approximately $36,000. Atria Wealth Solutions Inc. acquired a new stake in Credit Suisse Asset Management Income Fund during the first quarter valued at approximately $73,000. Nomura Holdings Inc. acquired a new stake in Credit Suisse Asset Management Income Fund during the second quarter valued at approximately $82,000. Finally, UBS Group AG lifted its stake in Credit Suisse Asset Management Income Fund by 236.0% during the third quarter. UBS Group AG now owns 37,433 shares of the company’s stock valued at $100,000 after purchasing an additional 26,291 shares during the last quarter. 7.80% of the stock is owned by institutional investors and hedge funds.

Credit Suisse Asset Management Income Fund Stock Performance

CIK stock opened at $2.64 on Friday. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $2.39 and a 12 month high of $3.01.

Credit Suisse Asset Management Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Wednesday, April 19th will be issued a dividend of $0.0225 per share. The ex-dividend date of this dividend is Tuesday, April 18th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 10.23%.

Credit Suisse Asset Management Income Fund Profile

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Credit Suisse Asset Management Income Fund, Inc is a closed-ended fund, which engages in investing in the fixed income markets and companies operating across diversified industries. It seeks current income consistent with the preservation of capital by investing primarily in fixed-income securities. The company was founded on February 11, 1987 and is headquartered in New York, NY.