Avantax Advisory Services Inc. Makes New $50,000 Investment in Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY)

Avantax Advisory Services Inc. purchased a new stake in shares of Credit Suisse High Yield Bond Fund, Inc. (NYSEAMERICAN:DHY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 23,150 shares of the real estate investment trust’s stock, valued at approximately $50,000.

Other hedge funds have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of Credit Suisse High Yield Bond Fund in the 4th quarter valued at approximately $26,000. D.A. Davidson & CO. acquired a new stake in Credit Suisse High Yield Bond Fund in the third quarter valued at approximately $39,000. Apollon Wealth Management LLC bought a new stake in Credit Suisse High Yield Bond Fund in the fourth quarter worth approximately $92,000. Finally, Park Avenue Securities LLC increased its stake in shares of Credit Suisse High Yield Bond Fund by 5.3% during the 4th quarter. Park Avenue Securities LLC now owns 486,464 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 24,667 shares during the last quarter.

Credit Suisse High Yield Bond Fund Trading Down 0.5 %

Credit Suisse High Yield Bond Fund stock opened at $2.13 on Friday. Credit Suisse High Yield Bond Fund, Inc. has a 1-year low of $1.96 and a 1-year high of $2.27. The firm’s fifty day simple moving average is $2.13.

Credit Suisse High Yield Bond Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 17th were given a $0.0155 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 8.73%.

Insider Transactions at Credit Suisse High Yield Bond Fund

In other news, insider Laura A. Defelice bought 56,801 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were acquired at an average cost of $2.13 per share, for a total transaction of $120,986.13. Following the purchase, the insider now owns 66,653 shares of the company’s stock, valued at $141,970.89. This represents a 576.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 14.35% of the stock is currently owned by corporate insiders.

Credit Suisse High Yield Bond Fund Profile

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.