Nuveen Core Equity Alpha Fund (NYSE:JCE) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.39 and traded as high as $17.45. Nuveen Core Equity Alpha Fund shares last traded at $17.21, with a volume of 58,685 shares trading hands.

Nuveen Core Equity Alpha Fund Trading Up 0.1%

The firm has a 50-day moving average of $16.41 and a 200 day moving average of $15.99.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a dividend of $0.364 per share. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. This represents a $1.46 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date was Monday, June 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JCE. Advisory Services Network LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter worth $27,000. Western Wealth Management LLC purchased a new position in Nuveen Core Equity Alpha Fund in the 1st quarter valued at about $36,000. Fifth Third Bancorp purchased a new position in Nuveen Core Equity Alpha Fund in the 1st quarter valued at about $59,000. CWM LLC grew its stake in shares of Nuveen Core Equity Alpha Fund by 341.9% during the fourth quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of Nuveen Core Equity Alpha Fund by 8.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock valued at $149,000 after acquiring an additional 759 shares in the last quarter.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.