Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Crosses Below 200 Day Moving Average – Here’s Why

Nuveen Credit Strategies Income Fund (NYSE:JQC) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.25 and traded as low as $5.04. Nuveen Credit Strategies Income Fund shares last traded at $5.0940, with a volume of 842,516 shares trading hands.

Nuveen Credit Strategies Income Fund Price Performance

The firm has a 50-day moving average price of $5.05 and a 200 day moving average price of $5.25.

Nuveen Credit Strategies Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a $0.054 dividend. This represents a c) dividend on an annualized basis and a yield of 12.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Institutional Trading of Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Savvy Advisors Inc. acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 4th quarter valued at about $94,000. Melfa Wealth Management Inc. acquired a new stake in Nuveen Credit Strategies Income Fund during the fourth quarter worth about $109,000. Matauro LLC bought a new position in Nuveen Credit Strategies Income Fund in the fourth quarter worth about $51,000. SeaCrest Wealth Management LLC boosted its stake in Nuveen Credit Strategies Income Fund by 5.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 49,467 shares of the investment management company’s stock valued at $253,000 after acquiring an additional 2,655 shares during the period. Finally, Castleview Partners LLC grew its holdings in shares of Nuveen Credit Strategies Income Fund by 85.2% during the fourth quarter. Castleview Partners LLC now owns 412,416 shares of the investment management company’s stock valued at $2,070,000 after purchasing an additional 189,677 shares during 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.