Saba Capital Management, L.P., a significant owner of the Nuveen Core Plus Impact Fund (NYSE:NPCT), recently sold 45,356 shares of the fund's common stock. The shares were sold at a price of $11.32 each, totaling approximately $513,429. Following this transaction, Saba Capital holds 3,129,252 shares indirectly. This move was disclosed in a recent SEC filing, highlighting the ongoing portfolio adjustments by major stakeholders in the fund.
InvestingPro Insights
While Saba Capital Management has reduced its position in the Nuveen Core Plus Impact Fund (NYSE:NPCT), individual investors might find the fund's current metrics intriguing. According to InvestingPro data, NPCT boasts a substantial dividend yield of 12.6% for 2024, with the most recent ex-dividend date on November 15, 2024. This aligns with one of the InvestingPro Tips, which notes that NPCT "pays a significant dividend to shareholders."
The fund's market capitalization stands at $325.79 million, with a price-to-earnings ratio of 15.93. Despite Saba Capital's recent sale, NPCT has shown positive price performance across various timeframes. Notably, the fund has achieved a 30.88% price total return over the past year and is currently trading at 94.49% of its 52-week high.
Another InvestingPro Tip suggests that the stock "generally trades with low price volatility," which could be appealing to investors seeking stability in their portfolio. For those interested in a deeper analysis, InvestingPro offers 4 additional tips that could provide further insights into NPCT's investment potential.
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