Nuveen Core Plus Impact Fund (NYSE:NPCT) Shares Cross Below 50 Day Moving Average – Here’s What Happened

Nuveen Core Plus Impact Fund (NYSE:NPCT) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $9.25 and traded as low as $9.11. Nuveen Core Plus Impact Fund shares last traded at $9.1750, with a volume of 75,021 shares trading hands.

Nuveen Core Plus Impact Fund Stock Performance

The company has a 50 day simple moving average of $9.25 and a 200-day simple moving average of $9.90.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Friday, November 13th will be given a dividend of $0.0895 per share. The ex-dividend date is Friday, November 13th. This represents a $1.07 annualized dividend and a dividend yield of 11.7%.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

A number of large investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in Nuveen Core Plus Impact Fund in the third quarter worth approximately $175,000. Atlas Wealth LLC grew its position in Nuveen Core Plus Impact Fund by 12.0% during the third quarter. Atlas Wealth LLC now owns 1,719,640 shares of the company’s stock valued at $15,786,000 after acquiring an additional 184,212 shares during the last quarter. Fifth Third Bancorp grew its position in Nuveen Core Plus Impact Fund by 77.2% during the third quarter. Fifth Third Bancorp now owns 11,345 shares of the company’s stock valued at $104,000 after acquiring an additional 4,941 shares during the last quarter. Root Financial Partners LLC bought a new position in Nuveen Core Plus Impact Fund during the third quarter valued at approximately $32,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Nuveen Core Plus Impact Fund during the second quarter worth approximately $48,000.

Nuveen Core Plus Impact Fund is a closed-end investment company that seeks to provide income and total return while pursuing positive environmental and social impact. It invests primarily in fixed-income securities and uses a core-plus strategy, which can include a range of bond sectors and credit qualities. The fund is managed by Nuveen Asset Management, an investment manager within Nuveen. Its portfolio focuses on fixed-income markets, with impact considerations informing the selection and management of investments.