Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report)’s stock price passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $4.64 and traded as high as $4.69. Nuveen Credit Strategies Income Fund shares last traded at $4.6650, with a volume of 624,067 shares traded.
Nuveen Credit Strategies Income Fund Stock Performance
The business has a 50 day moving average of $4.64 and a 200 day moving average of $4.79.
Nuveen Credit Strategies Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be paid a $0.0495 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $0.59 dividend on an annualized basis and a yield of 12.7%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of JQC. Cetera Investment Advisers increased its position in Nuveen Credit Strategies Income Fund by 18.3% in the first quarter. Cetera Investment Advisers now owns 831,412 shares of the investment management company’s stock worth $4,049,000 after purchasing an additional 128,430 shares during the last quarter. Venture Visionary Partners LLC raised its stake in Nuveen Credit Strategies Income Fund by 10.3% during the third quarter. Venture Visionary Partners LLC now owns 590,467 shares of the investment management company’s stock valued at $2,805,000 after purchasing an additional 55,000 shares in the last quarter. Icon Advisers Inc. Co. lifted its position in Nuveen Credit Strategies Income Fund by 19.5% during the first quarter. Icon Advisers Inc. Co. now owns 306,035 shares of the investment management company’s stock valued at $1,490,000 after purchasing an additional 50,000 shares during the last quarter. Bank of America Corp DE lifted its position in Nuveen Credit Strategies Income Fund by 7.5% during the second quarter. Bank of America Corp DE now owns 288,332 shares of the investment management company’s stock valued at $1,401,000 after purchasing an additional 20,035 shares during the last quarter. Finally, Independent Financial Group LLC bought a new position in Nuveen Credit Strategies Income Fund during the first quarter valued at $1,363,000.
About Nuveen Credit Strategies Income Fund
Nuveen Credit Strategies Income Fund (NYSE:JQC) is a closed-end investment company managed by Nuveen. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through a professionally managed portfolio of credit-related investments.
Its portfolio may include senior secured loans, below-investment-grade corporate debt, high-yield bonds and other fixed-income securities. These investments generally involve issuers with elevated credit risk, and the fund uses credit research and portfolio diversification to pursue its objectives.
JQC invests primarily in the U.S.
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