Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Up 1.8%

Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) rose 1.8% during mid-day trading on Tuesday . The company traded as high as $13.90 and last traded at $13.81. Approximately 58,682 shares changed hands during trading, an increase of 16% from the average daily volume of 50,619 shares. The stock had previously closed at $13.57.

Nuveen Core Equity Alpha Fund Trading Up 1.8 %

The stock’s fifty day moving average price is $13.79 and its 200-day moving average price is $13.31.

Nuveen Core Equity Alpha Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.28 annualized dividend and a yield of 9.27%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its stake in Nuveen Core Equity Alpha Fund by 86.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 21,681 shares of the company’s stock valued at $270,000 after buying an additional 10,062 shares during the period. International Assets Investment Management LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 31.0% during the 3rd quarter. International Assets Investment Management LLC now owns 32,830 shares of the company’s stock worth $398,000 after purchasing an additional 7,760 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 11.3% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 50,768 shares of the company’s stock worth $688,000 after purchasing an additional 5,171 shares during the last quarter. Spire Wealth Management increased its stake in shares of Nuveen Core Equity Alpha Fund by 2.8% during the 3rd quarter. Spire Wealth Management now owns 80,685 shares of the company’s stock worth $1,003,000 after purchasing an additional 2,192 shares during the last quarter. Finally, Capital Investment Advisors LLC increased its stake in shares of Nuveen Core Equity Alpha Fund by 71.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 98,460 shares of the company’s stock worth $1,224,000 after purchasing an additional 40,960 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.