Avantax Advisory Services Inc. Makes New 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 fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,150 shares of the real estate investment trust’s stock, valued at approximately $50,000.

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

Insider Activity

In other news, insider Laura A. Defelice bought 56,801 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average cost of $2.13 per share, with a total value of $120,986.13. Following the completion of the transaction, the insider now directly owns 66,653 shares in the company, valued at approximately $141,970.89. The trade was a 576.54 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 14.35% of the company’s stock.

Credit Suisse High Yield Bond Fund Stock Down 0.5 %

Shares of DHY stock opened at $2.13 on Friday. The company’s 50-day moving average price is $2.13. Credit Suisse High Yield Bond Fund, Inc. has a fifty-two week low of $1.96 and a fifty-two week high of $2.27.

Credit Suisse High Yield Bond Fund Dividend Announcement

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

Credit Suisse High Yield Bond Fund Company 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.