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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.72 and traded as low as $5.52. Nuveen Credit Strategies Income Fund shares last traded at $5.54, with a volume of 597,365 shares.

Nuveen Credit Strategies Income Fund Stock Performance

The firm’s 50-day simple moving average is $5.66 and its 200 day simple moving average is $5.72.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Friday, February 14th will be issued a $0.054 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.71%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. US Bancorp DE raised its holdings in shares of 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 purchasing an additional 1,800 shares during the period. Apollon Wealth Management LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $63,000. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $72,000. DKM Wealth Management Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $85,000. Finally, Disciplined Investors L.L.C. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $92,000.

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.