Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $16.39 and traded as high as $17.45. Nuveen Core Equity Alpha Fund shares last traded at $17.21, with a volume of 58,685 shares.

Nuveen Core Equity Alpha Fund Trading Down 0.1%

The firm has a fifty day moving average price of $16.39 and a 200-day moving average price of $15.98.

Nuveen Core Equity Alpha Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 15th were given a dividend of $0.364 per share. This represents a $1.46 annualized dividend and a yield of 8.5%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. The ex-dividend date was Monday, June 15th.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JCE. Western Wealth Management LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund during the 1st quarter valued at about $36,000. Bank of America Corp DE boosted its position in shares of Nuveen Core Equity Alpha Fund by 6.8% in the first quarter. Bank of America Corp DE now owns 35,792 shares of the company’s stock worth $529,000 after acquiring an additional 2,285 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Nuveen Core Equity Alpha Fund in the first quarter worth approximately $59,000. Cetera Investment Advisers grew its holdings in Nuveen Core Equity Alpha Fund by 7.5% in the fourth quarter. Cetera Investment Advisers now owns 30,521 shares of the company’s stock valued at $486,000 after purchasing an additional 2,126 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Nuveen Core Equity Alpha Fund during the third quarter worth approximately $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.