Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Price Crosses Below Two Hundred Day Moving Average of $5.58

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQCGet Rating) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.58 and traded as low as $5.15. Nuveen Credit Strategies Income Fund shares last traded at $5.18, with a volume of 692,754 shares traded.

Nuveen Credit Strategies Income Fund Trading Down 0.8 %

The firm has a 50-day moving average of $5.41 and a two-hundred day moving average of $5.57.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 15th will be given a dividend of $0.042 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 9.77%.

Institutional Trading of Nuveen Credit Strategies Income Fund

Several institutional investors and hedge funds have recently modified their holdings of JQC. Envestnet Asset Management Inc. lifted its position in shares of Nuveen Credit Strategies Income Fund by 35.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 14,910 shares of the investment management company’s stock worth $97,000 after buying an additional 3,908 shares during the last quarter. Invesco Ltd. raised its position in Nuveen Credit Strategies Income Fund by 4.9% in the fourth quarter. Invesco Ltd. now owns 2,403,515 shares of the investment management company’s stock valued at $15,599,000 after purchasing an additional 112,489 shares during the last quarter. Altavista Wealth Management Inc. raised its position in Nuveen Credit Strategies Income Fund by 5.8% in the fourth quarter. Altavista Wealth Management Inc. now owns 81,950 shares of the investment management company’s stock valued at $532,000 after purchasing an additional 4,500 shares during the last quarter. Guggenheim Capital LLC raised its position in Nuveen Credit Strategies Income Fund by 2.7% in the fourth quarter. Guggenheim Capital LLC now owns 383,832 shares of the investment management company’s stock valued at $2,491,000 after purchasing an additional 10,039 shares during the last quarter. Finally, San Luis Wealth Advisors LLC raised its position in Nuveen Credit Strategies Income Fund by 239.1% in the fourth quarter. San Luis Wealth Advisors LLC now owns 51,424 shares of the investment management company’s stock valued at $334,000 after purchasing an additional 36,258 shares during the last quarter.

About Nuveen Credit Strategies Income Fund

(Get Rating)

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.

Further Reading

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