Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Price Down 0.4% – Should You Sell?

Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $16.17 and last traded at $16.2140. 24,618 shares were traded during trading, a decline of 46% from the average session volume of 45,250 shares. The stock had previously closed at $16.28.

Nuveen Core Equity Alpha Fund Stock Performance

The company’s fifty day moving average is $15.42 and its 200-day moving average is $15.71.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 8.4%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.32.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new position in shares of Nuveen Core Equity Alpha Fund in the 3rd quarter worth $27,000. Fifth Third Bancorp bought a new position in shares of Nuveen Core Equity Alpha Fund in the 1st quarter worth $59,000. CWM LLC raised its position in shares of Nuveen Core Equity Alpha Fund by 341.9% in the 4th quarter. CWM LLC now owns 5,816 shares of the company’s stock worth $93,000 after acquiring an additional 4,500 shares in the last quarter. Blue Trust Inc. bought a new position in shares of Nuveen Core Equity Alpha Fund in the 4th quarter worth $96,000. Finally, Rockefeller Capital Management L.P. raised its position in shares of Nuveen Core Equity Alpha Fund by 8.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,363 shares of the company’s stock worth $149,000 after acquiring an additional 759 shares in the last quarter.

About Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a diversified, closed-end management investment company sponsored by Nuveen, a TIAA company. The fund’s primary objective is to seek total return through a combination of income and capital appreciation. Nuveen Core Equity Alpha Fund manages its portfolio primarily in U.S. equity securities, focusing on established, large-capitalization companies across multiple sectors.

Under the direction of Nuveen’s equity specialists, the fund employs a bottom-up research process to identify companies with attractive valuation, quality earnings prospects and sustainable cash flow.