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

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.30 and traded as low as $4.96. Nuveen Credit Strategies Income Fund shares last traded at $4.9750, with a volume of 1,238,867 shares changing hands.

Nuveen Credit Strategies Income Fund Trading Down 0.5%

The business’s fifty day simple moving average is $5.07 and its 200 day simple moving average is $5.30.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 13.0%. The ex-dividend date is Monday, December 15th.

Institutional Trading of Nuveen Credit Strategies Income Fund

Hedge funds have recently modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at approximately $27,000. Advisory Services Network LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 3rd quarter valued at $35,000. Halbert Hargrove Global Advisors LLC increased 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 buying an additional 5,000 shares in the last quarter. WPG Advisers LLC acquired a new stake in Nuveen Credit Strategies Income Fund during the 1st quarter worth $43,000. Finally, Farther Finance Advisors LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 138.3% during the second quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock worth $48,000 after acquiring an additional 5,166 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.