Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Down 2.1% – Time to Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE) traded down 2.1% during trading on Thursday . The company traded as low as $15.45 and last traded at $15.56. 49,663 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 41,556 shares. The stock had previously closed at $15.90.

Nuveen Core Equity Alpha Fund Price Performance

The company’s 50 day moving average price is $15.58 and its two-hundred day moving average price is $15.18.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of Nuveen Core Equity Alpha Fund

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC raised its stake in shares of Nuveen Core Equity Alpha Fund by 227.7% in the third quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock valued at $101,000 after acquiring an additional 4,553 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Nuveen Core Equity Alpha Fund by 34.8% in the third quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after acquiring an additional 27,780 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Nuveen Core Equity Alpha Fund during the 3rd quarter worth approximately $61,000. International Assets Investment Management LLC increased its position in shares of Nuveen Core Equity Alpha Fund by 1,487.3% in the 3rd quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock valued at $9,781,000 after purchasing an additional 596,286 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its position in shares of Nuveen Core Equity Alpha Fund by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock worth $2,325,000 after purchasing an additional 1,324 shares during the last quarter.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC, Nuveen Asset Management, LLC, and INTECH Investment Management. It invests in the public equity markets of the United States. The fund also invests some portion of its portfolio in derivatives using futures and options.