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

Nuveen Credit Strategies Income Fund (NYSE:JQC)’s stock price 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 Price Performance

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

Nuveen Credit Strategies Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.054 per share. The ex-dividend date is Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 12.8%.

Institutional Trading of Nuveen Credit Strategies Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of Nuveen Credit Strategies Income Fund in the 2nd quarter worth approximately $27,000. Advisory Services Network LLC bought a new stake in Nuveen Credit Strategies Income Fund in the third quarter worth $35,000. WPG Advisers LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the first quarter valued at about $43,000. Halbert Hargrove Global Advisors LLC grew its stake in shares of Nuveen Credit Strategies Income Fund by 166.7% during the third 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 holdings 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 worth $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.