Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Up 1.1% Following Dividend Announcement

Nuveen Core Equity Alpha Fund (NYSE:JCEGet Free Report)’s stock price shot up 1.1% during trading on Tuesday following a dividend announcement from the company. The stock traded as high as $15.24 and last traded at $15.19. 26,651 shares changed hands during trading, a decline of 24% from the average session volume of 35,253 shares. The stock had previously closed at $15.03.

The newly announced dividend which will be paid on Tuesday, July 1st. Investors of record on Friday, June 13th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.28 annualized dividend and a yield of 8.39%.

Nuveen Core Equity Alpha Fund Trading Up 0.4%

The company has a fifty day moving average of $14.31 and a 200 day moving average of $15.13.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in JCE. Eastern Bank purchased a new position in Nuveen Core Equity Alpha Fund during the 1st quarter worth approximately $27,000. FNY Investment Advisers LLC purchased a new position in Nuveen Core Equity Alpha Fund during the 1st quarter worth approximately $43,000. Cornerstone Advisors LLC purchased a new position in Nuveen Core Equity Alpha Fund during the 1st quarter worth approximately $89,000. Sowell Financial Services LLC purchased a new position in Nuveen Core Equity Alpha Fund during the 1st quarter worth approximately $161,000. Finally, MGB Wealth Management LLC grew its position in Nuveen Core Equity Alpha Fund by 100.0% during the 1st quarter. MGB Wealth Management LLC now owns 22,884 shares of the company’s stock worth $349,000 after purchasing an additional 11,442 shares in the last quarter.

About Nuveen Core Equity Alpha Fund

(Get Free Report)

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.

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