Nuveen Credit Strategies Income Fund (NYSE:JQC) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.73 and traded as low as $5.66. Nuveen Credit Strategies Income Fund shares last traded at $5.70, with a volume of 648,600 shares traded.

Nuveen Credit Strategies Income Fund Stock Performance

The stock has a 50-day moving average of $5.79 and a two-hundred day moving average of $5.73.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.054 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.65 annualized dividend and a dividend yield of 11.37%.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC increased its stake in Nuveen Credit Strategies Income Fund by 16.7% during the 3rd quarter. Penserra Capital Management LLC now owns 2,893,383 shares of the investment management company’s stock valued at $16,752,000 after purchasing an additional 413,403 shares in the last quarter. International Assets Investment Management LLC increased its position in shares of Nuveen Credit Strategies Income Fund by 479.0% during the third quarter. International Assets Investment Management LLC now owns 487,124 shares of the investment management company’s stock valued at $2,820,000 after acquiring an additional 402,992 shares in the last quarter. Encompass More Asset Management purchased a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter worth approximately $708,000. ORG Partners LLC bought a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter valued at approximately $670,000. Finally, J.W. Cole Advisors Inc. lifted its position in Nuveen Credit Strategies Income Fund by 647.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 90,615 shares of the investment management company’s stock valued at $525,000 after acquiring an additional 78,498 shares in the last quarter.

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.