Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.28 and traded as low as $5.02. Nuveen Credit Strategies Income Fund shares last traded at $5.05, with a volume of 477,520 shares traded.

Nuveen Credit Strategies Income Fund Trading Up 1.0%

The stock has a 50-day moving average price of $5.06 and a 200 day moving average price of $5.28.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be paid a $0.054 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 12.8%.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Large investors have recently made changes to their positions in the stock. Maryland Capital Advisors Inc. acquired a new stake in Nuveen Credit Strategies Income Fund in the second quarter valued at about $27,000. Advisory Services Network LLC bought a new position in shares of Nuveen Credit Strategies Income Fund in the third quarter worth about $35,000. Halbert Hargrove Global Advisors LLC lifted its holdings in shares of Nuveen Credit Strategies Income Fund by 166.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock worth $42,000 after acquiring an additional 5,000 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at approximately $43,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Nuveen Credit Strategies Income Fund by 138.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,166 shares in the last quarter.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.