Saba Capital Management, L.P. and Boaz Weinstein, both significant stakeholders in the Nuveen Core Plus Impact Fund (NYSE:NPCT), reported substantial stock sales according to recent filings with the Securities and Exchange Commission. The transactions, which occurred on November 21 and 22, involved the sale of a total of 112,476 shares of common stock, amounting to approximately $1.26 million. The shares were sold at prices ranging from $11.07 to $11.21 per share. Following these transactions, the reporting parties collectively own 3,174,608 shares of the fund.
InvestingPro Insights
While Saba Capital Management and Boaz Weinstein have reduced their stakes in the Nuveen Core Plus Impact Fund (NYSE:NPCT), the fund continues to offer attractive features for income-focused investors. According to InvestingPro data, NPCT boasts a substantial dividend yield of 12.6%, with the most recent ex-dividend date on November 15, 2024. This aligns with one of the InvestingPro Tips, which highlights that NPCT "pays a significant dividend to shareholders."
Despite the recent stock sales by major stakeholders, NPCT has shown resilience in its performance. The fund's year-to-date price total return stands at an impressive 25.04%, with a one-year return of 30.88%. These figures suggest that the fund has been delivering value to its shareholders over the past year.
It's worth noting that NPCT's stock price is currently at 94.65% of its 52-week high, indicating strong recent performance. Another InvestingPro Tip mentions that the stock "generally trades with low price volatility," which may appeal to investors seeking stability in their portfolio.
For those interested in a deeper analysis, InvestingPro offers additional tips and metrics that could provide further insights into NPCT's investment potential. Investors can access these by visiting InvestingPro's dedicated page for NPCT.
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