Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Up 0.3% – Still a Buy?

Nuveen Core Equity Alpha Fund (NYSE:JCE) traded up 0.3% during trading on Tuesday . The stock traded as high as $16.09 and last traded at $15.96. 20,957 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 33,039 shares. The stock had previously closed at $15.92.

Nuveen Core Equity Alpha Fund Stock Performance

The company’s 50 day simple moving average is $15.78 and its 200-day simple moving average is $15.58.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, December 15th. This represents a $1.28 dividend on an annualized basis and a yield of 8.0%.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 2.6% during the 1st quarter. Invesco Ltd. now owns 249,969 shares of the company’s stock valued at $3,647,000 after buying an additional 6,421 shares during the period. Raymond James Financial Inc. increased its position in Nuveen Core Equity Alpha Fund by 2.7% during the first quarter. Raymond James Financial Inc. now owns 508,319 shares of the company’s stock valued at $7,416,000 after acquiring an additional 13,581 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 3.9% in the first quarter. NewEdge Advisors LLC now owns 28,230 shares of the company’s stock valued at $412,000 after acquiring an additional 1,069 shares during the period. Sowell Financial Services LLC lifted its holdings in Nuveen Core Equity Alpha Fund by 8.7% in the second quarter. Sowell Financial Services LLC now owns 11,961 shares of the company’s stock valued at $185,000 after acquiring an additional 954 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Nuveen Core Equity Alpha Fund in the second quarter worth about $27,000.

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.