Nuveen Core Equity Alpha Fund (NYSE:JCE) Trading Down 2.1% – Time to Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE) was down 2.1% during trading on Thursday . The stock traded as low as $15.45 and last traded at $15.56. Approximately 49,663 shares traded hands 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 business’s fifty day simple moving average is $15.58 and its 200 day simple moving average is $15.17.

Nuveen Core Equity Alpha Fund Announces Dividend

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

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Larson Financial Group LLC purchased a new position in Nuveen Core Equity Alpha Fund during the 2nd quarter worth $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Nuveen Core Equity Alpha Fund during the second quarter worth about $55,000. Ashton Thomas Securities LLC bought a new stake in Nuveen Core Equity Alpha Fund in the 3rd quarter worth about $61,000. Commonwealth Equity Services LLC increased its stake in Nuveen Core Equity Alpha Fund by 9.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 24,088 shares of the company’s stock valued at $361,000 after buying an additional 2,115 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake 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 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.