Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading Down 0.5% – Here’s What Happened

Nuveen Core Equity Alpha Fund (NYSE:JCE) traded down 0.5% during trading on Wednesday . The stock traded as low as $15.30 and last traded at $15.44. 37,040 shares changed hands during mid-day trading, an increase of 13% from the average session volume of 32,836 shares. The stock had previously closed at $15.52.

Nuveen Core Equity Alpha Fund Trading Up 1.0%

The stock’s fifty day moving average is $15.67 and its 200 day moving average is $15.43.

Nuveen Core Equity Alpha Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend was Monday, September 15th.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

Several large investors have recently modified their holdings of JCE. NewEdge Advisors LLC raised its stake in shares of Nuveen Core Equity Alpha Fund by 2.6% in the third quarter. NewEdge Advisors LLC now owns 30,972 shares of the company’s stock worth $487,000 after buying an additional 790 shares during the period. Sowell Financial Services LLC raised its stake in Nuveen Core Equity Alpha Fund by 8.7% during the 2nd quarter. Sowell Financial Services LLC now owns 11,961 shares of the company’s stock worth $185,000 after acquiring an additional 954 shares during the period. Advisory Services Network LLC purchased a new position in Nuveen Core Equity Alpha Fund during the third quarter valued at approximately $27,000. Ameritas Advisory Services LLC bought a new position in shares of Nuveen Core Equity Alpha Fund in the second quarter worth approximately $27,000. Finally, Eastern Bank bought a new position in shares of Nuveen Core Equity Alpha Fund in the first quarter worth approximately $27,000.

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.