Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Nuveen Credit Strategies Income Fund (NYSE:JQC) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.78 and traded as high as $5.78. Nuveen Credit Strategies Income Fund shares last traded at $5.75, with a volume of 387,560 shares.

Nuveen Credit Strategies Income Fund Trading Up 1.1 %

The stock’s fifty day moving average price is $5.78 and its 200 day moving average price is $5.72.

Nuveen Credit Strategies Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 11.27%. The ex-dividend date is Friday, December 13th.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Nuveen Credit Strategies Income Fund in the 2nd quarter worth approximately $34,000. J.W. Cole Advisors Inc. purchased a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at $67,000. First Heartland Consultants Inc. bought a new position in Nuveen Credit Strategies Income Fund in the second quarter valued at about $68,000. Sanctuary Advisors LLC purchased a new position in Nuveen Credit Strategies Income Fund in the second quarter worth about $77,000. Finally, Perfromance Wealth Partners LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund during the 3rd quarter valued at about $82,000.

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.