November 16, 2016 - By Ellis Scott · 0 Comments
Nuveen Core Equity Alpha Fund (NYSE:JCE) institutional sentiment decreased to 0.82 in 2016 Q2. Its down -0.72, from 1.54 in 2016Q1. The ratio dived, as 14 hedge funds increased and started new holdings, while 17 sold and trimmed equity positions in Nuveen Core Equity Alpha Fund. The hedge funds in our partner’s database now hold: 2.31 million shares, down from 3.48 million shares in 2016Q1. Also, the number of hedge funds holding Nuveen Core Equity Alpha Fund in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 7 Increased: 13 New Position: 1.
Nuveen Core Equity Alpha Fund is a diversified closed-end management investment fund. The company has a market cap of $212.79 million. The Fund’s investment objective is to provide an attractive level of total return through long term capital appreciation and secondarily through income and gains. It currently has negative earnings. The Fund will invest in a portfolio of common stocks selected from approximately 500 stocks comprising the Standard & Poor’s 500 Index, using a mathematical process designed by INTECH Investment Management LLC (INTECH) to select large market capitalization, core equity securities and will also employ risk reduction techniques.
It is down 2.21% since April 14, 2016 and is downtrending. It has underperformed by 6.90% the S&P500.
Karpus Management Inc. holds 0.41% of its portfolio in Nuveen Core Equity Alpha Fund for 586,232 shares. Jacobus Wealth Management Inc. owns 31,325 shares or 0.13% of their US portfolio. Moreover, Advisors Asset Management Inc. has 0.1% invested in the company for 446,860 shares. The Florida-based Ladenburg Thalmann Financial Services Inc has invested 0.04% in the stock. Thomas J. Herzfeld Advisors Inc., a Florida-based fund reported 4,654 shares.#img1#
Nuveen Core Equity Alpha Fund (the Fund) is a diversified closed-end management investment company. The Fundâ€™s investment objective is to provide total return. The Fund seeks to achieve its investment objective primarily through long-term capital appreciation, and secondarily through income and gains. The Fund will invest in a portfolio of common stocks selected by employing a mathematical process designed by its sub-advisor, Enhanced Investment Technologies, LLC (INTECH), which seeks to provide risk-adjusted excess returns (alpha) above the S&P 500 Index (the Index), with an equal or lesser amount of relative investment risk. The Fund will, to a limited extent, write (sell) call options primarily on custom baskets of securities that seek to track the return of the Index. The Company’s investment advisor is Nuveen Asset Management (NAM), a wholly owned subsidiary of Nuveen Investments, Inc.
More notable recent Nuveen Core Equity Alpha Fund (NYSE:JCE) news were published by: Nasdaq.com which released: “Nuveen Core Equity Alpha Fund (JCE) Ex-Dividend Date Scheduled for September …” on September 10, 2015, also Seekingalpha.com with their article: “JCE: A Better Index Fund” published on June 17, 2016, Streetinsider.com published: “Form 3 Nuveen Core Equity Alpha For: Oct 01 Filed by: Rohrbacher Christopher M.” on February 01, 2001. More interesting news about Nuveen Core Equity Alpha Fund (NYSE:JCE) were released by: Businesswire.com and their article: “Nuveen Investments Announces Portfolio Management Update” published on February 01, 2011 as well as Businesswire.com‘s news article titled: “Nuveen Announces Results of Closed-End Fund Shareholder Meetings” with publication date: August 19, 2014.
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By Ellis Scott