Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0.6% – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Free Report) shares were down 0.6% during mid-day trading on Wednesday . The stock traded as low as $16.69 and last traded at $16.8490. 35,279 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 41,686 shares. The stock had previously closed at $16.95.

Nuveen Core Equity Alpha Fund Trading Down 0.6%

The stock’s 50 day simple moving average is $16.85 and its 200 day simple moving average is $16.21.

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Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.364 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.46 annualized dividend and a dividend yield of 8.6%.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of hedge funds have recently bought and sold shares of JCE. Baird Financial Group Inc. lifted its holdings in Nuveen Core Equity Alpha Fund by 10.4% during the 2nd 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 last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 2nd quarter valued at approximately $29,000. NWF Advisory Services Inc. raised its position in shares of Nuveen Core Equity Alpha Fund by 19.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock valued at $198,000 after acquiring an additional 2,000 shares in the last quarter. Bank of America Corp DE bought a new position in Nuveen Core Equity Alpha Fund during the second quarter worth $546,000. Finally, NewEdge Advisors LLC lifted its stake in Nuveen Core Equity Alpha Fund by 2.9% during the first quarter. NewEdge Advisors LLC now owns 30,515 shares of the company’s stock worth $451,000 after purchasing an additional 862 shares during the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

(Get Free Report)

Nuveen Core Equity Alpha Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol JCE. Rather than operating a traditional business, the fund pools investor capital to pursue its investment objectives through a professionally managed portfolio of securities.

The fund seeks long-term capital appreciation and current income by investing primarily in U.S. equity securities. Its core-equity strategy generally emphasizes established companies across multiple industries and market sectors.

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