Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Down 0.4% – What’s Next?

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price fell 0.4% on Thursday . The stock traded as low as $16.17 and last traded at $16.2140. 24,618 shares changed hands during trading, a decline of 46% from the average session volume of 45,250 shares. The stock had previously closed at $16.28.

Nuveen Core Equity Alpha Fund Price Performance

The business has a 50-day moving average of $15.42 and a 200-day moving average of $15.71.

Nuveen Core Equity Alpha Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 8.3%. The ex-dividend date was Friday, March 13th. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several institutional investors have recently added to or reduced their stakes in JCE. Shaker Financial Services LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 3.8% in the fourth quarter. Shaker Financial Services LLC now owns 560,717 shares of the company’s stock worth $8,938,000 after buying an additional 20,479 shares during the period. Raymond James Financial Inc. grew its position in Nuveen Core Equity Alpha Fund by 2.7% in the 2nd quarter. Raymond James Financial Inc. now owns 522,261 shares of the company’s stock valued at $8,095,000 after acquiring an additional 13,942 shares during the last quarter. Invesco Ltd. grew its position in Nuveen Core Equity Alpha Fund by 11.2% in the 4th quarter. Invesco Ltd. now owns 270,120 shares of the company’s stock valued at $4,306,000 after acquiring an additional 27,289 shares during the last quarter. Guggenheim Capital LLC increased its stake in Nuveen Core Equity Alpha Fund by 5.6% in the fourth quarter. Guggenheim Capital LLC now owns 268,892 shares of the company’s stock worth $4,286,000 after purchasing an additional 14,280 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Nuveen Core Equity Alpha Fund by 4.2% in the fourth quarter. Osaic Holdings Inc. now owns 181,869 shares of the company’s stock worth $2,899,000 after purchasing an additional 7,322 shares during the period.

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.