Nuveen Credit Strategies Income Fund (NYSE:JQC) shares reached a new 52-week low on Friday . The stock traded as low as $7.45 and last traded at $7.46, with a volume of 17002 shares traded. The stock had previously closed at $7.56.

The company also recently disclosed a monthly dividend, which will be paid on Monday, December 31st. Stockholders of record on Friday, December 14th will be given a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $0.46 annualized dividend and a dividend yield of 6.15%.

Several hedge funds have recently bought and sold shares of the company. Bramshill Investments LLC boosted its position in shares of Nuveen Credit Strategies Income Fund by 19.2% during the third quarter. Bramshill Investments LLC now owns 6,801,141 shares of the investment management company’s stock worth $54,362,000 after buying an additional 1,096,992 shares during the period. Saba Capital Management L.P. boosted its position in shares of Nuveen Credit Strategies Income Fund by 53.3% during the second quarter. Saba Capital Management L.P. now owns 4,499,331 shares of the investment management company’s stock worth $35,770,000 after buying an additional 1,564,869 shares during the period. Hilton Capital Management LLC boosted its position in shares of Nuveen Credit Strategies Income Fund by 8.3% during the third quarter. Hilton Capital Management LLC now owns 2,471,765 shares of the investment management company’s stock worth $19,700,000 after buying an additional 189,543 shares during the period. Private Management Group Inc. boosted its position in shares of Nuveen Credit Strategies Income Fund by 1.4% during the second quarter. Private Management Group Inc. now owns 2,170,425 shares of the investment management company’s stock worth $17,255,000 after buying an additional 29,453 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Nuveen Credit Strategies Income Fund by 3.9% during the third quarter. Wells Fargo & Company MN now owns 1,167,737 shares of the investment management company’s stock worth $9,307,000 after buying an additional 43,521 shares during the period.

WARNING: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another site, it was illegally copied and reposted in violation of US and international trademark and copyright law. The correct version of this report can be viewed at https://www.dailypolitical.com/2018/12/16/nuveen-credit-strategies-income-fund-jqc-sets-new-12-month-low-at-7-45.html.

Nuveen Credit Strategies Income Fund Company Profile (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.

Featured Story: Cost of Debt

Receive News & Ratings for Nuveen Credit Strategies Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Credit Strategies Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.