Nuveen Core Plus Impact Fund (NYSE:NPCT) Stock Price Down 0.9% – Should You Sell?

Nuveen Core Plus Impact Fund (NYSE:NPCT) was down 0.9% on Thursday . The stock traded as low as $9.68 and last traded at $9.6850. 128,483 shares were traded during trading, a decline of 2% from the average session volume of 131,574 shares. The stock had previously closed at $9.77.

Nuveen Core Plus Impact Fund Price Performance

The business has a fifty day simple moving average of $9.94 and a 200-day simple moving average of $10.19.

Nuveen Core Plus Impact Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be issued a dividend of $0.0895 per share. This represents a c) annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Wednesday, July 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NPCT. Captrust Financial Advisors boosted its position in Nuveen Core Plus Impact Fund by 1.2% during the 3rd quarter. Captrust Financial Advisors now owns 498,970 shares of the company’s stock worth $5,494,000 after buying an additional 5,919 shares during the period. Shaker Financial Services LLC increased its holdings in Nuveen Core Plus Impact Fund by 98.6% in the fourth quarter. Shaker Financial Services LLC now owns 284,862 shares of the company’s stock valued at $2,900,000 after purchasing an additional 141,410 shares during the period. Stifel Financial Corp raised its position in shares of Nuveen Core Plus Impact Fund by 11.4% during the fourth quarter. Stifel Financial Corp now owns 236,172 shares of the company’s stock worth $2,404,000 after acquiring an additional 24,241 shares during the last quarter. Bank of America Corp DE raised its holdings in Nuveen Core Plus Impact Fund by 3.7% during the 2nd quarter. Bank of America Corp DE now owns 209,123 shares of the company’s stock worth $2,344,000 after purchasing an additional 7,508 shares during the last quarter. Finally, Sit Investment Associates Inc. lifted its holdings in Nuveen Core Plus Impact Fund by 13.8% in the fourth quarter. Sit Investment Associates Inc. now owns 206,501 shares of the company’s stock valued at $2,102,000 after buying an additional 25,000 shares during the period.

Nuveen Core Plus Impact Fund (NYSE: NPCT) is a closed-end management investment company advised by Nuveen, one of the world’s largest asset managers. Launched in mid-2021, the fund seeks to provide a combination of current income, capital appreciation and positive social and environmental impact. Investors gain exposure to a diversified portfolio of global fixed-income securities while aiming to support projects and issuers that address sustainability challenges.

The fund’s core-plus strategy combines a broad allocation to high-quality investment-grade and select non-investment-grade corporate bonds, sovereign and supranational debt, and securitized products such as agency mortgage-backed securities.