Nuveen Credit Strategies Income Fund (JQC) To Go Ex-Dividend on September 15th

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.0495 per share by the investment management company on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Credit Strategies Income Fund Price Performance

JQC stock opened at $4.75 on Thursday. The firm has a 50 day simple moving average of $4.79 and a 200-day simple moving average of $4.81. Nuveen Credit Strategies Income Fund has a twelve month low of $4.62 and a twelve month high of $5.55.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arkadios Wealth Advisors increased its holdings in Nuveen Credit Strategies Income Fund by 129.0% in the first quarter. Arkadios Wealth Advisors now owns 22,900 shares of the investment management company’s stock valued at $112,000 after buying an additional 12,900 shares during the last quarter. Calamos Advisors LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 115,419 shares of the investment management company’s stock worth $562,000 after buying an additional 13,740 shares during the last quarter. Private Advisor Group LLC lifted its holdings in Nuveen Credit Strategies Income Fund by 312.5% during the 1st quarter. Private Advisor Group LLC now owns 209,163 shares of the investment management company’s stock worth $1,019,000 after buying an additional 158,460 shares during the last quarter. Sovran Advisors LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 15.9% in the 1st quarter. Sovran Advisors LLC now owns 119,075 shares of the investment management company’s stock worth $579,000 after acquiring an additional 16,337 shares in the last quarter. Finally, Traub Capital Management LLC grew its position in shares of Nuveen Credit Strategies Income Fund by 119.2% in the 1st quarter. Traub Capital Management LLC now owns 53,148 shares of the investment management company’s stock worth $259,000 after acquiring an additional 28,901 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.