Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Passes Below 200-Day Moving Average – Here’s Why

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.73 and traded as low as $5.55. Nuveen Credit Strategies Income Fund shares last traded at $5.56, with a volume of 847,062 shares changing hands.

Nuveen Credit Strategies Income Fund Trading Up 0.2 %

The company has a fifty day simple moving average of $5.74 and a 200 day simple moving average of $5.73.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently disclosed 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. This represents a $0.65 annualized dividend and a dividend yield of 11.59%. The ex-dividend date of this dividend is Wednesday, January 15th.

Institutional Trading of Nuveen Credit Strategies Income Fund

Large investors have recently modified their holdings of the stock. Private Advisor Group LLC increased its position in Nuveen Credit Strategies Income Fund by 158.1% in the 3rd quarter. Private Advisor Group LLC now owns 46,362 shares of the investment management company’s stock valued at $268,000 after buying an additional 28,400 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Nuveen Credit Strategies Income Fund by 479.0% during the third quarter. International Assets Investment Management LLC now owns 487,124 shares of the investment management company’s stock valued at $2,820,000 after acquiring an additional 402,992 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of Nuveen Credit Strategies Income Fund by 647.8% during the third quarter. J.W. Cole Advisors Inc. now owns 90,615 shares of the investment management company’s stock worth $525,000 after purchasing an additional 78,498 shares during the period. Alexander Labrunerie & CO. Inc. lifted its holdings in shares of Nuveen Credit Strategies Income Fund by 32.9% in the 3rd quarter. Alexander Labrunerie & CO. Inc. now owns 30,519 shares of the investment management company’s stock worth $177,000 after purchasing an additional 7,559 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $77,000.

About Nuveen Credit Strategies Income Fund

(Get Free Report)

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.

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