Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0.2% – What’s Next?

Nuveen Core Equity Alpha Fund (NYSE:JCE) shares were down 0.2% during mid-day trading on Wednesday . The stock traded as low as $15.59 and last traded at $15.67. Approximately 17,434 shares changed hands during trading, a decline of 59% from the average daily volume of 42,651 shares. The stock had previously closed at $15.70.

Nuveen Core Equity Alpha Fund Price Performance

The stock’s 50-day moving average price is $15.29 and its 200 day moving average price is $14.91.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.28 annualized dividend and a yield of 8.17%.

Hedge Funds Weigh In On Nuveen Core Equity Alpha Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Larson Financial Group LLC bought a new stake in shares of Nuveen Core Equity Alpha Fund in the 2nd quarter worth approximately $30,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Nuveen Core Equity Alpha Fund in the second quarter valued at $55,000. Ashton Thomas Securities LLC bought a new position in Nuveen Core Equity Alpha Fund in the third quarter worth $61,000. Commonwealth Equity Services LLC boosted its stake in Nuveen Core Equity Alpha Fund by 9.6% during the second quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock worth $361,000 after buying an additional 2,115 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Nuveen Core Equity Alpha Fund by 34.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 107,545 shares of the company’s stock valued at $1,687,000 after buying an additional 27,780 shares during the period.

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.