Sigma Planning Corp boosted its stake in Credit Suisse AM Inc Fund Inc. (NYSE:CIK) by 256.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,198 shares of the company’s stock after buying an additional 177,080 shares during the period. Sigma Planning Corp’s holdings in Credit Suisse AM Inc Fund were worth $830,000 at the end of the most recent reporting period.
Shares of Credit Suisse AM Inc Fund Inc. (NYSE CIK) opened at 3.34 on Friday. The stock has a 50 day moving average price of $3.38 and a 200 day moving average price of $3.33. Credit Suisse AM Inc Fund Inc. has a 52 week low of $2.91 and a 52 week high of $3.50.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Wednesday, August 9th will be issued a $0.022 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Monday, August 7th.
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In related news, major shareholder Saba Capital Management, L.P. sold 36,543 shares of the stock in a transaction dated Thursday, July 20th. The shares were sold at an average price of $3.43, for a total value of $125,342.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders sold 458,531 shares of company stock valued at $1,560,316.
Credit Suisse AM Inc Fund Company Profile
Credit Suisse Asset Management Income Fund, Inc is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income consistent with the preservation of capital. The Fund invests in a range of sectors, which include advertising, auto parts and equipment, brokerage, building and construction, building materials, cable and satellite television, chemicals, consumer/commercial/lease financing, electronics, energy-exploration and production, food-wholesale, forestry and paper, gas distribution, health facilities, insurance brokerage, media-diversified, media content, medical products, metals and mining, oil field equipment and services, packaging, personal and household products, pharmaceuticals, software-services, real estate investment trusts, restaurants, specialty retail, and recreation and travel.
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