Nuveen Core Equity Alpha Fund (NYSE:JCE) Stock Breaks Above 50-Day Moving Average – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $16.90 and traded as high as $16.93. Nuveen Core Equity Alpha Fund shares last traded at $16.92, with a volume of 63,060 shares changing hands.

Nuveen Core Equity Alpha Fund Trading Up 1.4%

The company has a 50-day moving average price of $16.90 and a two-hundred day moving average price of $16.28.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a dividend of $0.3640 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.46 dividend on an annualized basis and a yield of 8.6%.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors have recently made changes to their positions in JCE. Baird Financial Group Inc. boosted its stake in shares of Nuveen Core Equity Alpha Fund by 10.4% during the 2nd quarter. Baird Financial Group Inc. now owns 531,973 shares of the company’s stock worth $8,703,000 after purchasing an additional 50,034 shares during the period. International Assets Investment Management LLC raised its position in Nuveen Core Equity Alpha Fund by 7.2% in the 3rd quarter. International Assets Investment Management LLC now owns 55,967 shares of the company’s stock worth $943,000 after purchasing an additional 3,773 shares during the period. Bank of America Corp DE bought a new stake in Nuveen Core Equity Alpha Fund in the second quarter worth about $546,000. Commonwealth Equity Services LLC lifted its stake in Nuveen Core Equity Alpha Fund by 4.1% in the third quarter. Commonwealth Equity Services LLC now owns 30,680 shares of the company’s stock worth $520,000 after purchasing an additional 1,199 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Nuveen Core Equity Alpha Fund by 2.9% in the first quarter. NewEdge Advisors LLC now owns 30,515 shares of the company’s stock worth $451,000 after purchasing an additional 862 shares during the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

Nuveen Core Equity Alpha Fund (NYSE: JCE) is a closed-end investment fund managed by Nuveen, an investment management firm and subsidiary of TIAA. The fund seeks long-term total return by investing primarily in a diversified portfolio of U.S. large-capitalization companies. The fund uses a core equity approach that combines growth and value characteristics. Its portfolio may include companies across multiple industries, with investment decisions based on factors such as business fundamentals, earnings prospects, valuation and management quality.