Nuveen Core Equity Alpha Fund (NYSE:JCE) Shares Up 0.1% – Still a Buy?

Nuveen Core Equity Alpha Fund (NYSE:JCE) shares shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $15.94 and last traded at $15.84. 36,840 shares were traded during trading, an increase of 10% from the average session volume of 33,354 shares. The stock had previously closed at $15.83.

Nuveen Core Equity Alpha Fund Stock Up 0.1%

The firm has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $15.21.

Nuveen Core Equity Alpha Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date was Monday, September 15th.

Institutional Investors Weigh In On Nuveen Core Equity Alpha Fund

Several institutional investors and hedge funds have recently bought and sold shares of JCE. Wolverine Asset Management LLC lifted its holdings in shares of Nuveen Core Equity Alpha Fund by 239.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 97,115 shares of the company’s stock worth $1,528,000 after acquiring an additional 68,496 shares during the period. Shaker Financial Services LLC increased its stake in Nuveen Core Equity Alpha Fund by 2.3% in the third quarter. Shaker Financial Services LLC now owns 540,238 shares of the company’s stock valued at $8,669,000 after acquiring an additional 12,247 shares during the period. Calamos Advisors LLC raised its position in Nuveen Core Equity Alpha Fund by 21.7% in the third quarter. Calamos Advisors LLC now owns 13,059 shares of the company’s stock worth $205,000 after purchasing an additional 2,330 shares in the last quarter. Sowell Financial Services LLC lifted its stake in Nuveen Core Equity Alpha Fund by 22.5% during the third quarter. Sowell Financial Services LLC now owns 14,658 shares of the company’s stock worth $231,000 after purchasing an additional 2,697 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Nuveen Core Equity Alpha Fund by 1.7% during the second quarter. Osaic Holdings Inc. now owns 171,368 shares of the company’s stock valued at $2,656,000 after purchasing an additional 2,895 shares in the last quarter.

Nuveen Core Equity Alpha Fund Company Profile

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.