Nuveen Credit Strategies Income Fund (NYSE:JQC) Stock Passes Above 50 Day Moving Average of $7.40

Shares of Nuveen Credit Strategies Income Fund (NYSE:JQC) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $7.40 and traded as high as $7.41. Nuveen Credit Strategies Income Fund shares last traded at $7.40, with a volume of 9,436 shares.

The company’s fifty day simple moving average is $7.39 and its two-hundred day simple moving average is $7.67.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.104 per share. This represents a $1.25 annualized dividend and a yield of 16.86%. The ex-dividend date is Thursday, November 14th.

A number of hedge funds have recently made changes to their positions in JQC. Atria Investments LLC purchased a new position in Nuveen Credit Strategies Income Fund during the second quarter valued at approximately $233,000. Steward Partners Investment Advisory LLC bought a new stake in Nuveen Credit Strategies Income Fund in the second quarter worth approximately $41,000. NEXT Financial Group Inc bought a new stake in Nuveen Credit Strategies Income Fund in the third quarter worth approximately $58,000. Tower Research Capital LLC TRC acquired a new stake in shares of Nuveen Credit Strategies Income Fund in the third quarter worth $61,000. Finally, Lindbrook Capital LLC lifted its stake in shares of Nuveen Credit Strategies Income Fund by 27.3% in the second quarter. Lindbrook Capital LLC now owns 8,910 shares of the investment management company’s stock worth $70,000 after buying an additional 1,910 shares during the last quarter.

About Nuveen Credit Strategies Income Fund (NYSE:JQC)

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments.

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