Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Up 1.1% – Here’s Why

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price traded up 1.1% during trading on Wednesday. The stock traded as high as $17.05 and last traded at $16.95. 21,126 shares were traded during mid-day trading, a decline of 47% from the average session volume of 39,683 shares. The stock had previously closed at $16.77.

Nuveen Core Equity Alpha Fund Stock Performance

The company has a 50 day moving average of $16.94 and a 200 day moving average of $16.27.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.3640 per share. This represents a $1.46 dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend was Tuesday, September 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JCE. Ameritas Advisory Services LLC bought a new stake in Nuveen Core Equity Alpha Fund in the 2nd quarter valued at $29,000. Western Wealth Management LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund in the first quarter valued at about $36,000. Fifth Third Bancorp bought a new stake in shares of Nuveen Core Equity Alpha Fund in the first quarter valued at about $59,000. Eastern Bank lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 142.8% in the third quarter. Eastern Bank now owns 4,537 shares of the company’s stock valued at $77,000 after purchasing an additional 2,668 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Nuveen Core Equity Alpha Fund by 8.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock worth $149,000 after buying an additional 759 shares during the period.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks long-term total return by investing primarily in a diversified portfolio of U.S. large-capitalization companies.

The fund uses a core equity approach that combines growth and value characteristics. Its portfolio may include companies across multiple industries, with investment decisions based on factors such as business fundamentals, earnings prospects, valuation and management quality.

Nuveen Core Equity Alpha Fund may also use exchange-traded options as part of its strategy, including writing call options on selected securities or market indexes.