Nuveen Core Plus Impact Fund (NYSE:NPCT) Stock Price Crosses Below 50 Day Moving Average – Should You Sell?

Nuveen Core Plus Impact Fund (NYSE:NPCT)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $9.25 and traded as low as $9.11. Nuveen Core Plus Impact Fund shares last traded at $9.1750, with a volume of 75,021 shares.

Nuveen Core Plus Impact Fund Price Performance

The firm’s 50 day moving average price is $9.23 and its 200-day moving average price is $9.89.

Nuveen Core Plus Impact Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $0.0895 dividend. The ex-dividend date of this dividend is Friday, November 13th. This represents a $1.07 dividend on an annualized basis and a yield of 11.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of Nuveen Core Plus Impact Fund by 3.4% during the first quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock valued at $874,000 after buying an additional 2,812 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Nuveen Core Plus Impact Fund during the third quarter worth about $32,000. Integrated Wealth Concepts LLC bought a new position in Nuveen Core Plus Impact Fund during the second quarter valued at about $48,000. Private Advisor Group LLC increased its stake in Nuveen Core Plus Impact Fund by 20.3% during the first quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after acquiring an additional 4,758 shares during the period. Finally, Fifth Third Bancorp increased its stake in Nuveen Core Plus Impact Fund by 77.2% during the third quarter. Fifth Third Bancorp now owns 11,345 shares of the company’s stock valued at $104,000 after acquiring an additional 4,941 shares during the period.

Nuveen Core Plus Impact Fund is a closed-end investment company that seeks to provide income and total return while pursuing positive environmental and social impact. It invests primarily in fixed-income securities and uses a core-plus strategy, which can include a range of bond sectors and credit qualities. The fund is managed by Nuveen Asset Management, an investment manager within Nuveen. Its portfolio focuses on fixed-income markets, with impact considerations informing the selection and management of investments.