Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of 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 trading hands.

Nuveen Core Equity Alpha Fund Price Performance

The company has a 50-day moving average price of $16.89 and a 200-day moving average price of $16.29.

Nuveen Core Equity Alpha Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were paid a dividend of $0.3640 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.46 annualized dividend and a yield of 8.7%.

Institutional Trading of Nuveen Core Equity Alpha Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 10.4% during the second quarter. Baird Financial Group Inc. now owns 531,973 shares of the company’s stock worth $8,703,000 after buying an additional 50,034 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Nuveen Core Equity Alpha Fund by 7.2% in the third quarter. International Assets Investment Management LLC now owns 55,967 shares of the company’s stock valued at $943,000 after acquiring an additional 3,773 shares during the period. Bank of America Corp DE boosted its position in shares of Nuveen Core Equity Alpha Fund by 6.8% in the first quarter. Bank of America Corp DE now owns 35,792 shares of the company’s stock valued at $529,000 after acquiring an additional 2,285 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of 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 acquiring an additional 1,199 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of 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 acquiring an additional 862 shares during the last quarter.

About Nuveen Core Equity Alpha Fund

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.