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 changing hands.
Nuveen Credit Strategies Income Fund Price Performance
The company 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 business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be given a dividend of $0.0495 per share. The ex-dividend date is Friday, November 13th. This represents a $0.59 dividend on an annualized basis and a yield of 12.7%.
Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in shares of Nuveen Credit Strategies Income Fund by 1,447.0% in the 3rd quarter. Bessemer Group Inc. now owns 7,178 shares of the investment management company’s stock worth $34,000 after purchasing an additional 6,714 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the 2nd quarter valued at $54,000. Wealthspan Partners LLC bought a new stake in Nuveen Credit Strategies Income Fund in the second quarter worth $55,000. Equitable Holdings Inc. bought a new stake in Nuveen Credit Strategies Income Fund in the second quarter worth $63,000. Finally, Allen Mooney & Barnes Investment Advisors LLC bought a new stake in Nuveen Credit Strategies Income Fund in the second quarter worth $71,000.
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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