Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.68 and traded as low as $5.31. Nuveen Credit Strategies Income Fund shares last traded at $5.35, with a volume of 1,683,730 shares trading hands.

Nuveen Credit Strategies Income Fund Stock Performance

The business’s 50 day simple moving average is $5.52 and its two-hundred day simple moving average is $5.68.

Nuveen Credit Strategies Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.65 dividend on an annualized basis and a yield of 12.01%.

Institutional Trading of Nuveen Credit Strategies Income Fund

Institutional investors have recently added to or reduced their stakes in the business. Total Wealth Planning & Management Inc. purchased a new stake in shares of Nuveen Credit Strategies Income Fund during the fourth quarter valued at $88,000. Elequin Capital LP bought a new position in Nuveen Credit Strategies Income Fund during the 4th quarter valued at about $179,000. Fullcircle Wealth LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund during the 4th quarter valued at about $322,000. Cetera Investment Advisers grew its stake in shares of Nuveen Credit Strategies Income Fund by 2.3% in the fourth quarter. Cetera Investment Advisers now owns 398,246 shares of the investment management company’s stock worth $2,266,000 after acquiring an additional 8,885 shares during the period. Finally, Comerica Bank raised its holdings in shares of Nuveen Credit Strategies Income Fund by 13.9% during the fourth quarter. Comerica Bank now owns 78,458 shares of the investment management company’s stock valued at $446,000 after purchasing an additional 9,559 shares during 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.