Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Down 0.3% – Here’s What Happened

Nuveen Core Equity Alpha Fund (NYSE:JCE) fell 0.3% during trading on Wednesday. The company traded as low as $16.75 and last traded at $17.0050. Approximately 28,945 shares changed hands during trading, a decline of 29% from the average daily volume of 40,701 shares. The stock had previously closed at $17.05.

Nuveen Core Equity Alpha Fund Stock Performance

The company has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $16.41.

Nuveen Core Equity Alpha Fund Dividend Announcement

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

Institutional Trading of Nuveen Core Equity Alpha Fund

Institutional investors have recently made changes to their positions in the stock. Eastern Bank increased its stake in Nuveen Core Equity Alpha Fund by 142.8% in the 3rd quarter. Eastern Bank now owns 4,537 shares of the company’s stock valued at $77,000 after buying an additional 2,668 shares during the period. Baird Financial Group Inc. lifted its position in Nuveen Core Equity Alpha Fund by 10.4% in the 2nd quarter. Baird Financial Group Inc. now owns 531,973 shares of the company’s stock worth $8,703,000 after buying an additional 50,034 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in Nuveen Core Equity Alpha Fund in the 2nd quarter worth approximately $29,000. NWF Advisory Services Inc. lifted its position in Nuveen Core Equity Alpha Fund by 19.8% in the 2nd quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock worth $198,000 after buying an additional 2,000 shares in the last quarter. Finally, Bank of America Corp DE purchased a new stake in Nuveen Core Equity Alpha Fund in the 2nd quarter worth approximately $546,000.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE:JCE) is a closed-end investment fund managed by Nuveen Asset Management. The fund seeks to provide investors with total return through a combination of long-term capital appreciation and current income.

The fund primarily invests in a diversified portfolio of U.S. equity securities, with an emphasis on established companies and a core investment approach. It may also use options strategies, including writing call options, to generate income and manage portfolio exposure.