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

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s share price fell 0.2% during trading on Wednesday . The company traded as low as $16.46 and last traded at $16.61. Approximately 28,387 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 44,130 shares. The stock had previously closed at $16.64.

Nuveen Core Equity Alpha Fund Price Performance

The stock’s 50 day simple moving average is $16.31 and its two-hundred day simple moving average is $15.90.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th were given a $0.364 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.46 annualized dividend and a dividend yield of 8.9%. This is an increase from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund in the third quarter valued at approximately $27,000. Western Wealth Management LLC acquired a new stake in shares of Nuveen Core Equity Alpha Fund during the first quarter worth $36,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen Core Equity Alpha Fund during the first quarter worth $59,000. CWM LLC lifted its position in Nuveen Core Equity Alpha Fund by 341.9% in the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock valued at $93,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Blue Trust Inc. bought a new stake in Nuveen Core Equity Alpha Fund in the 4th quarter valued at $96,000.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.