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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.34 and traded as low as $5.08. Nuveen Credit Strategies Income Fund shares last traded at $5.1050, with a volume of 966,475 shares.

Nuveen Credit Strategies Income Fund Price Performance

The business has a fifty day moving average price of $5.23 and a 200 day moving average price of $5.34.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a $0.054 dividend. The ex-dividend date is Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 12.7%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Maryland Capital Advisors Inc. purchased a new position in shares of Nuveen Credit Strategies Income Fund during the second quarter worth about $27,000. Halbert Hargrove Global Advisors LLC boosted its position in shares of Nuveen Credit Strategies Income Fund by 166.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 5,000 shares during the period. WPG Advisers LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at about $43,000. Farther Finance Advisors LLC grew its stake in Nuveen Credit Strategies Income Fund by 138.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock worth $48,000 after buying an additional 5,166 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in Nuveen Credit Strategies Income Fund during the third quarter worth approximately $54,000.

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.