Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading 0.8% Higher – Here’s Why

Nuveen Core Equity Alpha Fund (NYSE:JCE) shares shot up 0.8% on Wednesday . The company traded as high as $15.33 and last traded at $15.33. 33,695 shares were traded during mid-day trading, a decline of 26% from the average session volume of 45,656 shares. The stock had previously closed at $15.21.

Nuveen Core Equity Alpha Fund Price Performance

The stock’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $14.53.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date was Friday, September 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund in the 2nd quarter valued at $30,000. Ashton Thomas Private Wealth LLC acquired a new position in Nuveen Core Equity Alpha Fund in the second quarter valued at $55,000. Commonwealth Equity Services LLC boosted its stake in Nuveen Core Equity Alpha Fund by 9.6% in the second quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock valued at $361,000 after acquiring an additional 2,115 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Nuveen Core Equity Alpha Fund by 19.7% in the first quarter. International Assets Investment Management LLC now owns 40,104 shares of the company’s stock valued at $561,000 after acquiring an additional 6,609 shares in the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in shares of Nuveen Core Equity Alpha Fund by 4.5% during the second quarter. Capital Investment Advisors LLC now owns 149,950 shares of the company’s stock worth $2,249,000 after purchasing an additional 6,407 shares during the last quarter.

About Nuveen Core Equity Alpha Fund

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.