Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Falls 0.3% – Here’s Why

Nuveen Core Equity Alpha Fund (NYSE:JCE – Get Free Report)’s stock price traded down 0.3% on Wednesday. The company traded as low as $16.75 and last traded at $17.0050. Approximately 28,945 shares were traded during mid-day 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 0.3%

The firm’s fifty day moving average price is $16.98 and its 200-day moving average price is $16.41.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.3640 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date was Tuesday, September 15th.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eastern Bank raised its stake in Nuveen Core Equity Alpha Fund by 142.8% during the 3rd quarter. Eastern Bank now owns 4,537 shares of the company’s stock valued at $77,000 after purchasing an additional 2,668 shares during the period. Baird Financial Group Inc. boosted its position in shares of Nuveen Core Equity Alpha Fund by 10.4% in 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 acquired a new stake in shares of Nuveen Core Equity Alpha Fund in the second quarter worth $29,000. NWF Advisory Services Inc. boosted its position in shares of Nuveen Core Equity Alpha Fund by 19.8% in the second quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock worth $198,000 after buying an additional 2,000 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at $546,000.

Nuveen Core Equity Alpha Fund Company Profile

(Get Free Report)

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.

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