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

Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $4.78 and traded as low as $4.64. Nuveen Credit Strategies Income Fund shares last traded at $4.6550, with a volume of 530,056 shares trading hands.

Nuveen Credit Strategies Income Fund Stock Performance

The business’s 50 day moving average price is $4.73 and its 200-day moving average price is $4.78.

Nuveen Credit Strategies Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be issued a $0.0495 dividend. This represents a $0.59 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors have recently made changes to their positions in the company. Absolute Investment Advisers LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 1.6% during the 1st quarter. Absolute Investment Advisers LLC now owns 1,139,849 shares of the investment management company’s stock worth $5,551,000 after purchasing an additional 17,556 shares during the last quarter. Cetera Investment Advisers grew its holdings in Nuveen Credit Strategies Income Fund by 18.3% in the 1st quarter. Cetera Investment Advisers now owns 831,412 shares of the investment management company’s stock valued at $4,049,000 after buying an additional 128,430 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in Nuveen Credit Strategies Income Fund by 10.3% in the 3rd quarter. Venture Visionary Partners LLC now owns 590,467 shares of the investment management company’s stock valued at $2,805,000 after buying an additional 55,000 shares in the last quarter. Icon Advisers Inc. Co. grew its holdings in Nuveen Credit Strategies Income Fund by 19.5% in the 1st quarter. Icon Advisers Inc. Co. now owns 306,035 shares of the investment management company’s stock valued at $1,490,000 after buying an additional 50,000 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Nuveen Credit Strategies Income Fund by 7.5% during the 2nd quarter. Bank of America Corp DE now owns 288,332 shares of the investment management company’s stock worth $1,401,000 after buying an additional 20,035 shares during the period.

Nuveen Credit Strategies Income Fund Company Profile

(Get Free Report)

Nuveen Credit Strategies Income Fund is a closed-end management investment company listed on the New York Stock Exchange under the symbol JQC. The fund seeks to provide current income and total return by investing in a diversified portfolio of credit-related securities.

Its investments may include senior secured loans, below-investment-grade corporate debt, high-yield bonds, collateralized loan obligations and other floating-rate or structured credit instruments. These securities are generally issued by companies across a range of industries and may include investments in U.S.

Further Reading

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