Nuveen Credit Strategies Income Fund (NYSE:JQC) Shares Cross Above 50-Day Moving Average of $7.40

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $7.40 and traded as high as $7.53. Nuveen Credit Strategies Income Fund shares last traded at $7.46, with a volume of 15,228 shares trading hands.

The stock’s fifty day simple moving average is $7.40 and its 200-day simple moving average is $7.58.

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.1035 per share. This represents a $1.24 dividend on an annualized basis and a yield of 16.65%. The ex-dividend date of this dividend is Thursday, December 12th.

Hedge funds have recently added to or reduced their stakes in the business. Atria Investments LLC bought a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at about $233,000. Steward Partners Investment Advisory LLC bought a new stake in Nuveen Credit Strategies Income Fund during the second quarter valued at about $41,000. NEXT Financial Group Inc bought a new stake in shares of Nuveen Credit Strategies Income Fund in the third quarter valued at about $58,000. Tower Research Capital LLC TRC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the third quarter valued at about $61,000. Finally, Gainplan LLC bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter valued at about $83,000.

Nuveen Credit Strategies Income Fund Company Profile (NYSE:JQC)

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.

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