Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Down 0.2% – What’s Next?

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s share price traded down 0.2% during trading on Wednesday . The company traded as low as $16.46 and last traded at $16.61. Approximately 28,387 shares traded hands during trading, a decline of 36% from the average session volume of 44,130 shares. The stock had previously closed at $16.64.

Nuveen Core Equity Alpha Fund Stock Performance

The stock has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $15.90.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were issued a dividend of $0.364 per share. The ex-dividend date was Monday, June 15th. This represents a $1.46 annualized dividend and a dividend yield of 8.8%. This is a boost from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

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

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.