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

Nuveen Credit Strategies Income Fund (NYSE:JQC) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.68 and traded as low as $5.31. Nuveen Credit Strategies Income Fund shares last traded at $5.35, with a volume of 1,683,730 shares trading hands.

Nuveen Credit Strategies Income Fund Stock Performance

The business has a 50 day moving average of $5.52 and a 200-day moving average of $5.68.

Nuveen Credit Strategies Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.054 per share. This represents a $0.65 annualized dividend and a dividend yield of 12.12%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Several institutional investors have recently added to or reduced their stakes in JQC. US Bancorp DE lifted its stake in Nuveen Credit Strategies Income Fund by 42.9% in the 4th quarter. US Bancorp DE now owns 5,992 shares of the investment management company’s stock valued at $34,000 after acquiring an additional 1,800 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $63,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the fourth quarter worth $72,000. DKM Wealth Management Inc. acquired a new position in Nuveen Credit Strategies Income Fund during the fourth quarter worth $85,000. Finally, Total Wealth Planning & Management Inc. bought a new position in Nuveen Credit Strategies Income Fund in the fourth quarter valued at $88,000.

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.