Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.30 and traded as low as $4.96. Nuveen Credit Strategies Income Fund shares last traded at $4.9750, with a volume of 1,238,867 shares trading hands.

Nuveen Credit Strategies Income Fund Stock Down 0.5%

The firm’s 50 day moving average is $5.07 and its two-hundred day moving average is $5.30.

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.054 dividend. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a yield of 13.0%.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of institutional investors have recently bought and sold shares of JQC. Oak Hill Advisors LP boosted its position in shares of Nuveen Credit Strategies Income Fund by 100.0% during the 1st quarter. Oak Hill Advisors LP now owns 6,650,252 shares of the investment management company’s stock worth $35,778,000 after acquiring an additional 3,325,126 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Nuveen Credit Strategies Income Fund by 276.6% during the third quarter. Penserra Capital Management LLC now owns 3,571,101 shares of the investment management company’s stock worth $18,819,000 after purchasing an additional 2,622,750 shares during the last quarter. Absolute Investment Advisers LLC bought a new stake in Nuveen Credit Strategies Income Fund during the second quarter worth $9,957,000. Thomas J. Herzfeld Advisors Inc. acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter valued at $3,646,000. Finally, Alpine Global Management LLC bought a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at $3,493,000.

About Nuveen Credit Strategies Income Fund

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.