Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading Down 0.2% – What’s Next?

Nuveen Core Equity Alpha Fund (NYSE:JCEGet Free Report) shares traded down 0.2% on Wednesday . The stock traded as low as $16.46 and last traded at $16.61. 28,387 shares traded hands during trading, a decline of 36% from the average session volume of 44,130 shares. The stock had previously closed at $16.64.

Nuveen Core Equity Alpha Fund Trading Down 0.2%

The stock’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $15.90.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were paid a $0.364 dividend. The ex-dividend date was Monday, June 15th. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. This represents a $1.46 annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JCE. Advisory Services Network LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the 3rd quarter worth about $27,000. Western Wealth Management LLC acquired a new stake in Nuveen Core Equity Alpha Fund in the 1st quarter valued at about $36,000. Fifth Third Bancorp purchased a new position in shares of Nuveen Core Equity Alpha Fund in the 1st quarter valued at about $59,000. CWM LLC boosted its stake in shares of Nuveen Core Equity Alpha Fund by 341.9% in the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares during the period. Finally, Blue Trust Inc. acquired a new position in shares of Nuveen Core Equity Alpha Fund during the fourth quarter worth about $96,000.

Nuveen Core Equity Alpha Fund Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Nuveen Core Equity Alpha Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Core Equity Alpha Fund and related companies with MarketBeat.com's FREE daily email newsletter.