Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0.3% – Here’s What Happened

Nuveen Core Equity Alpha Fund (NYSE:JCE) fell 0.3% during mid-day trading on Wednesday. The company traded as low as $16.75 and last traded at $17.0050. Approximately 28,945 shares traded hands during trading, a decline of 29% from the average daily volume of 40,701 shares. The stock had previously closed at $17.05.

Nuveen Core Equity Alpha Fund Stock Down 0.7%

The business’s 50 day moving average is $16.98 and its 200-day moving average is $16.43.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.3640 per share. This represents a $1.46 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. Eastern Bank raised its stake in shares of Nuveen Core Equity Alpha Fund by 142.8% in the 3rd quarter. Eastern Bank now owns 4,537 shares of the company’s stock valued at $77,000 after acquiring an additional 2,668 shares during the period. Baird Financial Group Inc. increased its position in Nuveen Core Equity Alpha Fund by 10.4% during the second quarter. Baird Financial Group Inc. now owns 531,973 shares of the company’s stock worth $8,703,000 after buying an additional 50,034 shares during the period. Ameritas Advisory Services LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund in the second quarter valued at about $29,000. NWF Advisory Services Inc. lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 19.8% during the second quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock worth $198,000 after purchasing an additional 2,000 shares during the period. Finally, Bank of America Corp DE purchased a new stake in Nuveen Core Equity Alpha Fund in the 2nd quarter valued at approximately $546,000.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE:JCE) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide investors with total return through a combination of long-term capital appreciation and current income.

The fund primarily invests in a diversified portfolio of U.S. equity securities, with an emphasis on established companies and a core investment approach. It may also use options strategies, including writing call options, to generate income and manage portfolio exposure.