Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading 0.3% Higher

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price traded up 0.3% during trading on Wednesday . The company traded as high as $14.71 and last traded at $14.69. 29,396 shares were traded during mid-day trading, a decline of 35% from the average session volume of 45,505 shares. The stock had previously closed at $14.64.

Nuveen Core Equity Alpha Fund Stock Performance

The stock’s 50 day simple moving average is $14.21 and its two-hundred day simple moving average is $13.80.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.28 annualized dividend and a dividend yield of 8.53%.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors and hedge funds have recently made changes to their positions in JCE. International Assets Investment Management LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 1,282.5% in the fourth quarter. International Assets Investment Management LLC now owns 453,861 shares of the company’s stock valued at $6,150,000 after buying an additional 421,031 shares during the last quarter. Significant Wealth Partners LLC bought a new position in shares of Nuveen Core Equity Alpha Fund in the fourth quarter valued at about $2,896,000. Capital Investment Advisors LLC raised its holdings in shares of Nuveen Core Equity Alpha Fund by 27.2% in the fourth quarter. Capital Investment Advisors LLC now owns 125,193 shares of the company’s stock valued at $1,696,000 after buying an additional 26,733 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Nuveen Core Equity Alpha Fund by 11.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 237,706 shares of the company’s stock valued at $3,221,000 after buying an additional 24,972 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in Nuveen Core Equity Alpha Fund by 3.8% during the 4th quarter. Raymond James & Associates now owns 437,668 shares of the company’s stock worth $5,930,000 after purchasing an additional 16,135 shares during the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

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.