Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE)’s stock price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $16.90 and traded as high as $16.93. Nuveen Core Equity Alpha Fund shares last traded at $16.92, with a volume of 63,060 shares traded.

Nuveen Core Equity Alpha Fund Stock Performance

The firm has a fifty day simple moving average of $16.90 and a two-hundred day simple moving average of $16.28.

Nuveen Core Equity Alpha Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were given a dividend of $0.3640 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date was Tuesday, September 15th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new stake in Nuveen Core Equity Alpha Fund during the second quarter valued at $29,000. Western Wealth Management LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 1st quarter worth about $36,000. Fifth Third Bancorp bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 1st quarter worth about $59,000. Eastern Bank increased its holdings in shares of Nuveen Core Equity Alpha Fund by 142.8% in the 3rd quarter. Eastern Bank now owns 4,537 shares of the company’s stock worth $77,000 after buying an additional 2,668 shares during the last quarter. Finally, NWF Advisory Services Inc. raised its position in shares of Nuveen Core Equity Alpha Fund by 19.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 12,100 shares of the company’s stock valued at $198,000 after buying an additional 2,000 shares in the last quarter.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks long-term total return by investing primarily in a diversified portfolio of U.S. large-capitalization companies. The fund uses a core equity approach that combines growth and value characteristics. Its portfolio may include companies across multiple industries, with investment decisions based on factors such as business fundamentals, earnings prospects, valuation and management quality.