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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.21 and traded as low as $5.03. Nuveen Credit Strategies Income Fund shares last traded at $5.08, with a volume of 774,756 shares.

Nuveen Credit Strategies Income Fund Stock Up 1.0%

The stock’s 50 day moving average is $5.07 and its 200-day moving average is $5.21.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 2nd. Investors of record on Friday, February 13th will be paid a $0.054 dividend. The ex-dividend date is Friday, February 13th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Consolidated Capital Management LLC bought a new position in shares of Nuveen Credit Strategies Income Fund during the 4th quarter valued at $123,000. Cary Street Partners Financial LLC grew its holdings in Nuveen Credit Strategies Income Fund by 14.2% during the fourth quarter. Cary Street Partners Financial LLC now owns 26,215 shares of the investment management company’s stock valued at $132,000 after purchasing an additional 3,250 shares during the period. Accredited Investor Services LLC grew its stake in shares of Nuveen Credit Strategies Income Fund by 23.5% during the 4th quarter. Accredited Investor Services LLC now owns 29,725 shares of the investment management company’s stock valued at $149,000 after acquiring an additional 5,663 shares during the period. Global Retirement Partners LLC increased its stake in shares of Nuveen Credit Strategies Income Fund by 23,899.7% in the fourth quarter. Global Retirement Partners LLC now owns 71,999 shares of the investment management company’s stock worth $361,000 after purchasing an additional 71,699 shares in the last quarter. Finally, Prevail Innovative Wealth Advisors LLC raised its position in shares of Nuveen Credit Strategies Income Fund by 5.5% during the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 453,908 shares of the investment management company’s stock valued at $2,279,000 after purchasing an additional 23,503 shares during the period.

Nuveen Credit Strategies Income Fund Company Profile

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.