Shares of Nuveen Core Equity Alpha Fund (NYSE:JCE) shot up 0.5% during trading on Wednesday . The company traded as high as $14.24 and last traded at $14.06, 91,300 shares traded hands during trading. An increase of 79% from the average session volume of 51,021 shares. The stock had previously closed at $13.99.
The company’s fifty day moving average is $14.91 and its 200 day moving average is $14.46.
Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its position in shares of Nuveen Core Equity Alpha Fund by 16.4% during the third quarter. Steward Partners Investment Advisory LLC now owns 7,100 shares of the company’s stock worth $101,000 after acquiring an additional 1,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Nuveen Core Equity Alpha Fund in the fourth quarter valued at $160,000. Adams Wealth Management bought a new stake in shares of Nuveen Core Equity Alpha Fund during the 4th quarter valued at $431,000. UBS Group AG raised its stake in shares of Nuveen Core Equity Alpha Fund by 5.6% during the 4th quarter. UBS Group AG now owns 32,871 shares of the company’s stock valued at $480,000 after purchasing an additional 1,731 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of Nuveen Core Equity Alpha Fund during the 4th quarter valued at $568,000.
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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