Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0.6% – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE) was down 0.6% during mid-day trading on Wednesday . The stock traded as low as $16.69 and last traded at $16.8490. Approximately 35,279 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 41,686 shares. The stock had previously closed at $16.95.

Nuveen Core Equity Alpha Fund Stock Performance

The stock has a 50-day moving average of $16.85 and a 200-day moving average of $16.21.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.364 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.46 annualized dividend and a dividend yield of 8.6%.

Institutional Trading of Nuveen Core Equity Alpha Fund

A number of large investors have recently modified their holdings of JCE. Baird Financial Group Inc. boosted its stake in Nuveen Core Equity Alpha Fund by 10.4% during the 2nd quarter. Baird Financial Group Inc. now owns 531,973 shares of the company’s stock valued at $8,703,000 after purchasing an additional 50,034 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund in the second quarter valued at approximately $29,000. Bank of America Corp DE bought a new stake in shares of Nuveen Core Equity Alpha Fund during the second quarter valued at approximately $546,000. NWF Advisory Services Inc. raised its holdings in shares of Nuveen Core Equity Alpha Fund by 19.8% during the second quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock valued at $198,000 after buying an additional 2,000 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Nuveen Core Equity Alpha Fund by 2.9% during the first quarter. NewEdge Advisors LLC now owns 30,515 shares of the company’s stock worth $451,000 after buying an additional 862 shares during the period.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund is a closed-end investment fund listed on the New York Stock Exchange under the ticker symbol JCE. Rather than operating a traditional business, the fund pools investor capital to pursue its investment objectives through a professionally managed portfolio of securities.

The fund seeks long-term capital appreciation and current income by investing primarily in U.S. equity securities. Its core-equity strategy generally emphasizes established companies across multiple industries and market sectors.