Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading Down 0.2% – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price dropped 0.2% during mid-day trading on Wednesday . The company traded as low as $15.59 and last traded at $15.67. Approximately 17,434 shares changed hands during mid-day trading, a decline of 59% from the average daily volume of 42,651 shares. The stock had previously closed at $15.70.

Nuveen Core Equity Alpha Fund Stock Up 0.4 %

The business’s 50 day moving average is $15.31 and its 200-day moving average is $14.93.

Nuveen Core Equity Alpha Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.32 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.14%.

Institutional Trading of Nuveen Core Equity Alpha Fund

Several hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in Nuveen Core Equity Alpha Fund by 227.7% in the 3rd quarter. Larson Financial Group LLC now owns 6,553 shares of the company’s stock worth $101,000 after buying an additional 4,553 shares during the period. Thrivent Financial for Lutherans increased its position in Nuveen Core Equity Alpha Fund by 34.8% during the third quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock worth $1,687,000 after acquiring an additional 27,780 shares during the period. Ashton Thomas Securities LLC bought a new position in Nuveen Core Equity Alpha Fund during the third quarter worth $61,000. International Assets Investment Management LLC raised its stake in Nuveen Core Equity Alpha Fund by 1,487.3% during the 3rd quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock valued at $9,781,000 after purchasing an additional 596,286 shares during the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in Nuveen Core Equity Alpha Fund by 0.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock valued at $2,325,000 after purchasing an additional 1,324 shares during the period.

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.