Nuveen Credit Strategies Income Fund (NYSE:JQC) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.73 and traded as low as $5.66. Nuveen Credit Strategies Income Fund shares last traded at $5.70, with a volume of 648,600 shares traded.

Nuveen Credit Strategies Income Fund Stock Performance

The stock has a 50-day moving average price of $5.79 and a 200 day moving average price of $5.73.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be given a $0.054 dividend. The ex-dividend date is Wednesday, January 15th. This represents a $0.65 annualized dividend and a dividend yield of 11.37%.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JQC. Penserra Capital Management LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 16.7% during the 3rd quarter. Penserra Capital Management LLC now owns 2,893,383 shares of the investment management company’s stock worth $16,752,000 after buying an additional 413,403 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 479.0% in the 3rd quarter. International Assets Investment Management LLC now owns 487,124 shares of the investment management company’s stock valued at $2,820,000 after buying an additional 402,992 shares during the last quarter. DCF Advisers LLC lifted its position in Nuveen Credit Strategies Income Fund by 1.7% in the second quarter. DCF Advisers LLC now owns 422,000 shares of the investment management company’s stock valued at $2,342,000 after acquiring an additional 7,000 shares during the last quarter. Cetera Investment Advisers boosted its stake in Nuveen Credit Strategies Income Fund by 7.8% in the second quarter. Cetera Investment Advisers now owns 383,527 shares of the investment management company’s stock valued at $2,129,000 after acquiring an additional 27,810 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. increased its position in shares of Nuveen Credit Strategies Income Fund by 7.0% during the third quarter. Boyce & Associates Wealth Consulting Inc. now owns 149,544 shares of the investment management company’s stock worth $866,000 after purchasing an additional 9,738 shares in the last quarter.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments.