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

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

Nuveen Core Plus Impact Fund Price Performance

The business’s 50 day moving average is $9.94 and its 200-day moving average is $10.19.

Nuveen Core Plus Impact Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be issued a $0.0895 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Wednesday, July 15th.

Hedge Funds Weigh In On Nuveen Core Plus Impact Fund

A number of institutional investors have recently modified their holdings of NPCT. Royal Bank of Canada lifted its position in shares of Nuveen Core Plus Impact Fund by 3.4% during the 1st quarter. Royal Bank of Canada now owns 85,784 shares of the company’s stock worth $874,000 after buying an additional 2,812 shares during the last quarter. Petra Financial Advisors Inc. acquired a new position in Nuveen Core Plus Impact Fund during the first quarter worth about $102,000. Assetmark Inc. lifted its holdings in shares of Nuveen Core Plus Impact Fund by 8,620.7% in the first quarter. Assetmark Inc. now owns 5,058 shares of the company’s stock worth $52,000 after acquiring an additional 5,000 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of Nuveen Core Plus Impact Fund in the 1st quarter valued at approximately $66,000. Finally, Private Advisor Group LLC boosted its stake in shares of Nuveen Core Plus Impact Fund by 20.3% in the 1st quarter. Private Advisor Group LLC now owns 28,231 shares of the company’s stock valued at $288,000 after purchasing an additional 4,758 shares in the last quarter.

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.