Nuveen Core Equity Alpha Fund Plans Quarterly Dividend of $0.36 (NYSE:JCE)

Nuveen Core Equity Alpha Fund (NYSE:JCE) announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.364 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Core Equity Alpha Fund Trading Down 0.6%

NYSE:JCE traded down $0.10 on Wednesday, hitting $17.06. The stock had a trading volume of 1,358 shares, compared to its average volume of 42,419. The business’s 50-day simple moving average is $16.63 and its two-hundred day simple moving average is $16.08. Nuveen Core Equity Alpha Fund has a 52-week low of $13.99 and a 52-week high of $17.45.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several large investors have recently made changes to their positions in JCE. Advisory Services Network LLC acquired a new position in Nuveen Core Equity Alpha Fund during the third quarter worth $27,000. Ameritas Advisory Services LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter worth about $29,000. Western Wealth Management LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the first quarter valued at about $36,000. Fifth Third Bancorp purchased a new position in Nuveen Core Equity Alpha Fund during the first quarter worth about $59,000. Finally, CWM LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 341.9% during the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock worth $93,000 after acquiring an additional 4,500 shares in the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

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.