Nuveen Core Plus Impact Fund (NYSE:NPCT) Stock Price Up 0.9% – Time to Buy?

Nuveen Core Plus Impact Fund (NYSE:NPCT)’s share price rose 0.9% during trading on Tuesday . The company traded as high as $10.14 and last traded at $10.12. Approximately 124,267 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 132,475 shares. The stock had previously closed at $10.03.

Nuveen Core Plus Impact Fund Trading Down 0.4%

The company’s 50-day simple moving average is $10.11 and its 200 day simple moving average is $10.23.

Nuveen Core Plus Impact Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be given a dividend of $0.0895 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

Several institutional investors and hedge funds have recently bought and sold shares of NPCT. Royal Bank of Canada increased its position in shares of Nuveen Core Plus Impact Fund by 3.4% during the first quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock worth $874,000 after purchasing an additional 2,812 shares in the last quarter. Petra Financial Advisors Inc. acquired a new stake in shares of Nuveen Core Plus Impact Fund in the 1st quarter worth $102,000. Assetmark Inc. boosted its position in shares of Nuveen Core Plus Impact Fund by 8,620.7% in the 1st quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock worth $52,000 after purchasing an additional 5,000 shares in the last quarter. Fifth Third Bancorp purchased a new position in Nuveen Core Plus Impact Fund during the 1st quarter worth $66,000. Finally, Private Advisor Group LLC grew its stake in Nuveen Core Plus Impact Fund by 20.3% during the 1st quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock worth $288,000 after buying an additional 4,758 shares during the last quarter.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.