Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0% – Time to Sell?

Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) fell 0% on Tuesday . The company traded as low as $15.93 and last traded at $15.9750. 52,941 shares were traded during trading, a decline of 10% from the average session volume of 58,876 shares. The stock had previously closed at $15.98.

Nuveen Core Equity Alpha Fund Stock Down 0.0%

The firm’s 50-day moving average price is $15.95 and its 200-day moving average price is $15.76.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 8.0%. The ex-dividend date was Monday, December 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Shaker Financial Services LLC grew its stake in shares of Nuveen Core Equity Alpha Fund by 52.1% in the second quarter. Shaker Financial Services LLC now owns 527,991 shares of the company’s stock valued at $8,352,000 after buying an additional 180,815 shares in the last quarter. Cornerstone Advisors LLC boosted its holdings in Nuveen Core Equity Alpha Fund by 217.7% in the 3rd quarter. Cornerstone Advisors LLC now owns 181,517 shares of the company’s stock worth $2,855,000 after acquiring an additional 124,383 shares during the period. Thrivent Financial for Lutherans purchased a new position in Nuveen Core Equity Alpha Fund in the 3rd quarter worth approximately $1,186,000. Wolverine Asset Management LLC grew its position in Nuveen Core Equity Alpha Fund by 239.3% in the third quarter. Wolverine Asset Management LLC now owns 97,115 shares of the company’s stock valued at $1,528,000 after acquiring an additional 68,496 shares in the last quarter. Finally, PMG Family Office LLC purchased a new stake in shares of Nuveen Core Equity Alpha Fund during the third quarter valued at approximately $440,000.

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.