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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s stock 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 Price Performance

The business’s 50-day simple moving average is $5.79 and its 200 day simple moving average is $5.73.

Nuveen Credit Strategies Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at approximately $34,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter worth $67,000. Sanctuary Advisors LLC bought a new position in Nuveen Credit Strategies Income Fund in the 2nd quarter worth $77,000. Perfromance Wealth Partners LLC bought a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter worth $82,000. Finally, Mercer Global Advisors Inc. ADV lifted its position in Nuveen Credit Strategies Income Fund by 28.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 15,663 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 3,502 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.