Nuveen Credit Strategies Income Fund (NYSE:JQC) Shares Cross Below Two Hundred Day Moving Average of $5.58

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQCGet Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Nuveen Credit Strategies Income Fund Trading Down 0.8 %

The stock has a fifty day moving average of $5.41 and a two-hundred day moving average of $5.57.

Nuveen Credit Strategies Income Fund Announces Dividend

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

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Private Trust Co. NA acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $47,000. B. Riley Wealth Management Inc. acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $156,000. Riverbridge Partners LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $438,000. Nomura Holdings Inc. acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $52,000. Finally, Kingsview Wealth Management LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $60,000.

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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