Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK) Position Boosted by LPL Financial LLC

LPL Financial LLC boosted its holdings in Credit Suisse Asset Management Income Fund, Inc. (NYSEAMERICAN:CIK - Free Report) by 8.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,624,704 shares of the company's stock after purchasing an additional 131,598 shares during the period. LPL Financial LLC owned about 3.06% of Credit Suisse Asset Management Income Fund worth $4,695,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CIK. HighTower Advisors LLC bought a new stake in shares of Credit Suisse Asset Management Income Fund in the 3rd quarter worth about $34,000. Jane Street Group LLC acquired a new position in Credit Suisse Asset Management Income Fund in the third quarter worth about $37,000. Dynamic Advisor Solutions LLC raised its stake in Credit Suisse Asset Management Income Fund by 20.2% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 54,489 shares of the company's stock valued at $157,000 after buying an additional 9,150 shares in the last quarter. IMS Capital Management lifted its holdings in Credit Suisse Asset Management Income Fund by 2.9% during the 4th quarter. IMS Capital Management now owns 201,321 shares of the company's stock worth $582,000 after buying an additional 5,679 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its holdings in Credit Suisse Asset Management Income Fund by 63.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 22,731 shares of the company's stock worth $66,000 after buying an additional 8,831 shares during the last quarter. Institutional investors and hedge funds own 29.49% of the company's stock.

Credit Suisse Asset Management Income Fund Stock Up 0.6 %

Shares of NYSEAMERICAN:CIK traded up $0.02 during trading on Tuesday, reaching $2.71. 113,703 shares of the company's stock traded hands, compared to its average volume of 459,354. Credit Suisse Asset Management Income Fund, Inc. has a 12 month low of $2.56 and a 12 month high of $3.13.

Credit Suisse Asset Management Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.0225 per share. This represents a $0.27 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date is Tuesday, April 15th.

Insider Buying and Selling

In other news, insider Laura A. Defelice purchased 40,766 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were bought at an average price of $2.92 per share, for a total transaction of $119,036.72. Following the completion of the purchase, 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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.63% of the company's stock.

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.