Nuveen Credit Strategies Income Fund (NYSE:JQC – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0495 per share by the investment management company on Tuesday, December 1st. This represents a $0.59 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Credit Strategies Income Fund Stock Performance
NYSE:JQC opened at $4.58 on Tuesday. Nuveen Credit Strategies Income Fund has a 12-month low of $4.45 and a 12-month high of $5.18. The business has a 50 day simple moving average of $4.65 and a 200 day simple moving average of $4.81.
Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund
A number of hedge funds have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC grew its holdings in Nuveen Credit Strategies Income Fund by 6.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 75,228 shares of the investment management company’s stock worth $357,000 after buying an additional 4,827 shares in the last quarter. Chicago Partners Investment Group LLC bought a new stake in Nuveen Credit Strategies Income Fund during the 3rd quarter valued at $226,000. City of London Investment Management Co. Ltd. raised its stake in Nuveen Credit Strategies Income Fund by 55.0% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 52,184 shares of the investment management company’s stock valued at $248,000 after acquiring an additional 18,524 shares in the last quarter. Park Avenue Securities LLC boosted its position in Nuveen Credit Strategies Income Fund by 8.1% during the 3rd quarter. Park Avenue Securities LLC now owns 35,391 shares of the investment management company’s stock worth $168,000 after acquiring an additional 2,657 shares during the period. Finally, Total Wealth Planning & Management Inc. boosted its position in Nuveen Credit Strategies Income Fund by 12.7% during the 3rd quarter. Total Wealth Planning & Management Inc. now owns 80,934 shares of the investment management company’s stock worth $384,000 after acquiring an additional 9,139 shares during the period.
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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