Nuveen Core Plus Impact Fund (NYSE:NPCT) Trading Up 0.9% – Still a Buy?

Shares of Nuveen Core Plus Impact Fund (NYSE:NPCT) traded up 0.9% on Tuesday . The company traded as high as $10.14 and last traded at $10.12. 124,267 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 132,475 shares. The stock had previously closed at $10.03.

Nuveen Core Plus Impact Fund Stock Performance

The business has a 50 day moving average price of $10.11 and a 200-day moving average price of $10.23.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a $0.0895 dividend. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NPCT. Royal Bank of Canada lifted its stake in Nuveen Core Plus Impact Fund by 3.4% in the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after purchasing an additional 2,812 shares during the last quarter. Petra Financial Advisors Inc. bought a new position in Nuveen Core Plus Impact Fund during the first quarter worth about $102,000. Assetmark Inc. increased its position in Nuveen Core Plus Impact Fund by 8,620.7% during the first quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock worth $52,000 after buying an additional 5,000 shares during the last quarter. Fifth Third Bancorp acquired a new position in Nuveen Core Plus Impact Fund during the first quarter worth approximately $66,000. Finally, Private Advisor Group LLC raised its stake in Nuveen Core Plus Impact Fund by 20.3% in the first quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after buying an additional 4,758 shares during the period.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.