Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 1.8% – Here’s What Happened

Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) traded down 1.8% during trading on Tuesday . The stock traded as low as $15.68 and last traded at $15.6950. 41,221 shares were traded during mid-day trading, a decline of 52% from the average session volume of 85,668 shares. The stock had previously closed at $15.98.

Nuveen Core Equity Alpha Fund Trading Down 1.8%

The business has a 50 day simple moving average of $15.85 and a two-hundred day simple moving average of $15.70.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.2%. The ex-dividend date was Monday, December 15th.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of large investors have recently bought and sold shares of the stock. Blue Trust Inc. acquired a new position in shares of Nuveen Core Equity Alpha Fund in the 4th quarter valued at $96,000. Spire Wealth Management raised its position in shares of Nuveen Core Equity Alpha Fund by 1.5% in the 4th quarter. Spire Wealth Management now owns 51,574 shares of the company’s stock worth $822,000 after buying an additional 754 shares during the period. Canal Capital Management LLC acquired a new position in Nuveen Core Equity Alpha Fund in the fourth quarter valued at $179,000. PMG Family Office LLC acquired a new position in Nuveen Core Equity Alpha Fund in the third quarter valued at $440,000. Finally, Advisory Services Network LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the third quarter valued at 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.