Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Nuveen Core Equity Alpha Fund (NYSE:JCE) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.17 and traded as high as $16.28. Nuveen Core Equity Alpha Fund shares last traded at $16.19, with a volume of 94,628 shares changing hands.

Nuveen Core Equity Alpha Fund Stock Performance

The business’s 50-day moving average is $16.17 and its two-hundred day moving average is $15.84.

Nuveen Core Equity Alpha Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 15th will be issued a $0.364 dividend. This is a positive change from Nuveen Core Equity Alpha Fund’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.46 annualized dividend and a dividend yield of 9.0%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JCE. NewEdge Advisors LLC lifted its stake in Nuveen Core Equity Alpha Fund by 6.9% in the second quarter. NewEdge Advisors LLC now owns 30,182 shares of the company’s stock valued at $468,000 after buying an additional 1,952 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Nuveen Core Equity Alpha Fund during the third quarter worth about $27,000. Bank of America Corp DE increased its holdings in shares of Nuveen Core Equity Alpha Fund by 6.8% in the 1st quarter. Bank of America Corp DE now owns 35,792 shares of the company’s stock worth $529,000 after acquiring an additional 2,285 shares during the period. Western Wealth Management LLC bought a new stake in Nuveen Core Equity Alpha Fund in the 1st quarter valued at about $36,000. Finally, Fifth Third Bancorp acquired a new position in Nuveen Core Equity Alpha Fund during the 1st quarter valued at about $59,000.

Nuveen Core Equity Alpha Fund Company Profile

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.