Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Down 2.1% – What’s Next?

Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) were down 2.1% on Thursday . The stock traded as low as $15.45 and last traded at $15.56. Approximately 49,663 shares were traded during trading, an increase of 20% from the average daily volume of 41,556 shares. The stock had previously closed at $15.90.

Nuveen Core Equity Alpha Fund Stock Down 2.1 %

The firm has a fifty day moving average of $15.58 and a two-hundred day moving average of $15.17.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.32 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.28 annualized dividend and a dividend yield of 8.23%.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC grew 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 valued at $361,000 after acquiring an additional 2,115 shares in the last quarter. Larson Financial Group LLC bought a new position in Nuveen Core Equity Alpha Fund in the 2nd quarter valued at $30,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Nuveen Core Equity Alpha Fund during the 2nd quarter valued at $55,000. Capital Investment Advisors LLC grew its position in shares of Nuveen Core Equity Alpha Fund by 0.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 151,274 shares of the company’s stock valued at $2,325,000 after purchasing an additional 1,324 shares in the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Nuveen Core Equity Alpha Fund by 1,487.3% in the third quarter. International Assets Investment Management LLC now owns 636,378 shares of the company’s stock worth $9,781,000 after purchasing an additional 596,286 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.