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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.25 and traded as low as $5.04. Nuveen Credit Strategies Income Fund shares last traded at $5.0940, with a volume of 842,516 shares.

Nuveen Credit Strategies Income Fund Price Performance

The stock has a 50-day moving average price of $5.05 and a 200 day moving average price of $5.25.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.054 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) annualized dividend and a yield of 12.7%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors have recently bought and sold shares of JQC. SeaCrest Wealth Management LLC raised its holdings in Nuveen Credit Strategies Income Fund by 5.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 49,467 shares of the investment management company’s stock valued at $253,000 after acquiring an additional 2,655 shares in the last quarter. Family Firm Inc. grew its holdings in Nuveen Credit Strategies Income Fund by 2.9% during the 2nd quarter. Family Firm Inc. now owns 124,051 shares of the investment management company’s stock worth $669,000 after acquiring an additional 3,451 shares in the last quarter. Future Financial Wealth Managment LLC increased its position in shares of Nuveen Credit Strategies Income Fund by 4.3% in the 3rd quarter. Future Financial Wealth Managment LLC now owns 95,440 shares of the investment management company’s stock worth $503,000 after purchasing an additional 3,964 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Nuveen Credit Strategies Income Fund by 6.0% in the 3rd quarter. NewEdge Advisors LLC now owns 79,066 shares of the investment management company’s stock valued at $417,000 after purchasing an additional 4,458 shares in the last quarter. Finally, Accredited Investor Services LLC lifted its position in shares of Nuveen Credit Strategies Income Fund by 17.8% during the second quarter. Accredited Investor Services LLC now owns 30,496 shares of the investment management company’s stock worth $164,000 after purchasing an additional 4,605 shares during the last quarter.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.