Saba Capital Management, L.P., a significant shareholder in the Nuveen Core Plus Impact Fund (NYSE:NPCT), has recently sold shares worth approximately $442,953. The transactions took place over two days, with Saba Capital disposing of 20,476 shares on November 19 at a price of $11.08 per share, followed by the sale of 19,537 shares on November 20 at $11.06 per share. Following these sales, Saba Capital's holdings in the fund now stand at 3,287,031 shares. The sales were reported in a filing with the Securities and Exchange Commission, signed by Saba Capital's representative, Zachary Gindes, and Boaz Weinstein, a notable figure associated with the firm.
InvestingPro Insights
While Saba Capital Management has reduced its stake 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 12.92%, 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 $317.74 million, with a price-to-earnings ratio of 15.93, suggesting a relatively moderate valuation. NPCT's stock has shown resilience over the past year, with a 28.7% total return, and is currently trading at 92.31% of its 52-week high. This performance is particularly noteworthy given another InvestingPro Tip indicating that the stock "generally trades with low price volatility."
For investors seeking more comprehensive analysis, InvestingPro offers additional insights, with 4 more tips available for NPCT. These additional tips could provide valuable context for understanding the fund's performance and potential future direction.
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