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

Nuveen Credit Strategies Income Fund (NYSE:JQC) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.33 and traded as low as $5.08. Nuveen Credit Strategies Income Fund shares last traded at $5.11, with a volume of 873,955 shares trading hands.

Nuveen Credit Strategies Income Fund Stock Up 0.1%

The firm’s 50 day moving average is $5.32 and its 200-day moving average is $5.33.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.054 dividend. This represents a c) annualized dividend and a yield of 12.7%. The ex-dividend date of this dividend is Wednesday, October 15th.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in JQC. Wealth Enhancement Advisory Services LLC increased its holdings in Nuveen Credit Strategies Income Fund by 24.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 28,302 shares of the investment management company’s stock worth $152,000 after acquiring an additional 5,549 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Nuveen Credit Strategies Income Fund in the 1st quarter worth $63,000. North Capital Inc. purchased a new stake in Nuveen Credit Strategies Income Fund in the 1st quarter worth $107,000. Family Firm Inc. increased its holdings in Nuveen Credit Strategies Income Fund by 3.9% in the 1st quarter. Family Firm Inc. now owns 120,600 shares of the investment management company’s stock worth $649,000 after acquiring an additional 4,542 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC increased its holdings in Nuveen Credit Strategies Income Fund by 16.6% in the 1st quarter. Prevail Innovative Wealth Advisors LLC now owns 261,847 shares of the investment management company’s stock worth $1,409,000 after acquiring an additional 37,268 shares in the last quarter.

About Nuveen Credit Strategies Income Fund

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.