Envestnet Asset Management Inc. Boosts Stake in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)

Envestnet Asset Management Inc. increased its stake in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHYGet Rating) by 3.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 516,710 shares of the real estate investment trust’s stock after purchasing an additional 14,818 shares during the period. Envestnet Asset Management Inc.’s holdings in Credit Suisse High Yield Bond Fund were worth $977,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DHY. Walleye Capital LLC purchased a new position in Credit Suisse High Yield Bond Fund in the 1st quarter valued at approximately $33,000. Centaurus Financial Inc. purchased a new position in Credit Suisse High Yield Bond Fund in the 1st quarter valued at approximately $33,000. PDS Planning Inc purchased a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at approximately $38,000. UBS Group AG boosted its position in Credit Suisse High Yield Bond Fund by 145.4% in the 1st quarter. UBS Group AG now owns 31,275 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 18,531 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new position in Credit Suisse High Yield Bond Fund in the 2nd quarter valued at approximately $64,000. Hedge funds and other institutional investors own 14.01% of the company’s stock.

Credit Suisse High Yield Bond Fund Trading Down 3.9 %

Shares of DHY stock opened at $1.95 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a 52 week low of $1.68 and a 52 week high of $2.50.

Credit Suisse High Yield Bond Fund Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 23rd. Shareholders of record on Thursday, November 17th were given a $0.0155 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $0.19 annualized dividend and a yield of 9.54%.

Credit Suisse High Yield Bond Fund Profile

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Credit Suisse High Yield Bond 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 invests in the securities of companies across diversified sectors. The fund primarily invests in below-investment-grade corporate bonds with an average credit quality lower than BBB by Standard & Poor's and an average duration of 5.07 years.

Further Reading

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Institutional Ownership by Quarter for Credit Suisse High Yield Bond Fund (NYSEAMERICAN:DHY)

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