Nuveen Core Plus Impact Fund (NYSE:NPCT) Trading 0.9% Higher – Time to Buy?

Nuveen Core Plus Impact Fund (NYSE:NPCT) rose 0.9% on Tuesday . The company traded as high as $10.14 and last traded at $10.12. Approximately 124,267 shares were traded during trading, a decline of 6% from the average session volume of 132,475 shares. The stock had previously closed at $10.03.

Nuveen Core Plus Impact Fund Stock Performance

The business has a 50-day moving average price of $10.11 and a 200-day moving average price of $10.23.

Nuveen Core Plus Impact Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Investors of record on Wednesday, July 15th will be paid a $0.0895 dividend. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 10.7%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors lifted its position in shares of Nuveen Core Plus Impact Fund by 1.2% in the 3rd quarter. Captrust Financial Advisors now owns 498,970 shares of the company’s stock worth $5,494,000 after purchasing an additional 5,919 shares during the period. Stifel Financial Corp increased its holdings in Nuveen Core Plus Impact Fund by 11.4% during the fourth quarter. Stifel Financial Corp now owns 236,172 shares of the company’s stock valued at $2,404,000 after buying an additional 24,241 shares during the period. Bank of America Corp DE increased its holdings in Nuveen Core Plus Impact Fund by 3.7% during the second quarter. Bank of America Corp DE now owns 209,123 shares of the company’s stock valued at $2,344,000 after buying an additional 7,508 shares during the period. Invesco Ltd. raised its stake in Nuveen Core Plus Impact Fund by 21.9% in the second quarter. Invesco Ltd. now owns 192,104 shares of the company’s stock worth $2,153,000 after buying an additional 34,471 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in Nuveen Core Plus Impact Fund by 1.6% in the fourth quarter. Osaic Holdings Inc. now owns 77,467 shares of the company’s stock worth $789,000 after buying an additional 1,186 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.