Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $4.98 and traded as low as $4.81. Nuveen Credit Strategies Income Fund shares last traded at $4.8550, with a volume of 738,007 shares changing hands.
Nuveen Credit Strategies Income Fund Trading Down 0.3%
The firm’s 50-day moving average is $4.82 and its 200-day moving average is $4.98.
Nuveen Credit Strategies Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which was paid on Friday, May 1st. Investors of record on Wednesday, April 15th were given a dividend of $0.0495 per share. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date was Wednesday, April 15th.
Insider Transactions at Nuveen Credit Strategies Income Fund
Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund
Several large investors have recently added to or reduced their stakes in JQC. Royal Bank of Canada lifted its holdings in Nuveen Credit Strategies Income Fund by 2.2% during the first quarter. Royal Bank of Canada now owns 266,103 shares of the investment management company’s stock valued at $1,432,000 after purchasing an additional 5,747 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Nuveen Credit Strategies Income Fund during the first quarter valued at approximately $70,000. Cary Street Partners Financial LLC purchased a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at approximately $140,000. NewEdge Advisors LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 39.4% during the second quarter. NewEdge Advisors LLC now owns 74,608 shares of the investment management company’s stock valued at $402,000 after purchasing an additional 21,100 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 42.4% during the second quarter. Jane Street Group LLC now owns 92,965 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 27,658 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.
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