Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Nuveen Credit Strategies Income Fund Price Performance

The business has a fifty day simple moving average of $5.52 and a two-hundred day simple moving average of $5.68.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 12.01%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in shares of Nuveen Credit Strategies Income Fund by 42.9% during 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 during the period. Apollon Wealth Management LLC purchased a new position in Nuveen Credit Strategies Income Fund during the fourth quarter valued at $63,000. Sheaff Brock Investment Advisors LLC purchased a new position in Nuveen Credit Strategies Income Fund during the fourth quarter valued at $72,000. DKM Wealth Management Inc. bought a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter valued at about $85,000. Finally, Total Wealth Planning & Management Inc. purchased a new stake in Nuveen Credit Strategies Income Fund in the fourth quarter worth about $88,000.

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.