Nuveen Credit Strategies Income Fund (NYSE:JQC) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Nuveen Credit Strategies Income Fund (NYSE:JQC) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.28 and traded as low as $5.02. Nuveen Credit Strategies Income Fund shares last traded at $5.05, with a volume of 477,520 shares traded.

Nuveen Credit Strategies Income Fund Stock Performance

The stock has a 50 day moving average price of $5.06 and a 200 day moving average price of $5.28.

Nuveen Credit Strategies Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a dividend of $0.054 per share. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date of this dividend is Monday, December 15th.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

A number of hedge funds have recently modified their holdings of the business. Maryland Capital Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the second quarter worth $27,000. Advisory Services Network LLC acquired a new position in Nuveen Credit Strategies Income Fund during the 3rd quarter worth about $35,000. WPG Advisers LLC acquired a new position in Nuveen Credit Strategies Income Fund during the 1st quarter worth about $43,000. Halbert Hargrove Global Advisors LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 166.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after buying an additional 5,000 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Nuveen Credit Strategies Income Fund by 138.3% in the second quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after buying an additional 5,166 shares during the period.

Nuveen Credit Strategies Income Fund Company Profile

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.