Nuveen Core Equity Alpha FundJCE
Market Cap: $244M
About: Nuveen Core Equity Alpha Fund is a diversified closed-end management investment company. Its investment objective is to provide an attractive level of total return, through long-term capital appreciation and through income and gains. The Fund invests in a portfolio of actively managed large-capitalization U.S. common stocks, using the sub-adviser's proprietary quantitative process designed to provide the potential for long-term outperformance. Additionally, the Fund seeks to reduce the volatility of its returns relative to the returns of the Equity Portfolio over extended periods by writing (selling) index call options and/or call options on custom baskets of securities (the Options Strategy).
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
3.89% less ownership
Funds ownership: 21.64% [Q1] → 17.75% (-3.89%) [Q2]
4% less funds holding
Funds holding: 47 [Q1] → 45 (-2) [Q2]
12% less capital invested
Capital invested by funds: $49M [Q1] → $42.9M (-$6.1M) [Q2]
13% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 16
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Research analyst outlook
We haven’t received any recent analyst ratings for JCE.