Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Nuveen Core Equity Alpha Fund (NYSE:JCE) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.17 and traded as high as $16.28. Nuveen Core Equity Alpha Fund shares last traded at $16.19, with a volume of 94,628 shares traded.

Nuveen Core Equity Alpha Fund Stock Down 0.2%

The business has a fifty day moving average of $16.17 and a 200 day moving average of $15.84.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be paid a dividend of $0.364 per share. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. The ex-dividend date is Monday, June 15th. This represents a $1.46 annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JCE. Advisory Services Network LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter worth about $27,000. Western Wealth Management LLC bought a new stake in Nuveen Core Equity Alpha Fund in the first quarter valued at about $36,000. Fifth Third Bancorp bought a new stake in Nuveen Core Equity Alpha Fund in the first quarter valued at about $59,000. CWM LLC raised its stake in Nuveen Core Equity Alpha Fund by 341.9% during the fourth quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after buying an additional 4,500 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in Nuveen Core Equity Alpha Fund during the fourth quarter valued at approximately $96,000.

About Nuveen Core Equity Alpha Fund

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.