Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Stock Price Passes Above 50-Day Moving Average on Insider Selling

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX)’s stock price passed above its 50 day moving average during trading on Friday following insider buying activity. The stock has a 50 day moving average of $14.01 and traded as high as $14.29. Nuveen S&P 500 Buy-Write Income Fund shares last traded at $14.09, with a volume of 132,665 shares.

Nuveen S&P 500 Buy-Write Income Fund Price Performance

The stock has a 50-day moving average of $14.01 and a two-hundred day moving average of $13.76.

Nuveen S&P 500 Buy-Write Income Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2725 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.09 annualized dividend and a yield of 7.74%.

Institutional Trading of Nuveen S&P 500 Buy-Write Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PVG Asset Management Corp purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at approximately $1,280,000. Richmond Investment Services LLC purchased a new position in shares of Nuveen S&P 500 Buy-Write Income Fund during the fourth quarter valued at approximately $816,000. Focus Partners Wealth purchased a new stake in Nuveen S&P 500 Buy-Write Income Fund in the fourth quarter worth $412,000. Cetera Investment Advisers grew its stake in Nuveen S&P 500 Buy-Write Income Fund by 37.0% in the fourth quarter. Cetera Investment Advisers now owns 137,116 shares of the financial services provider’s stock worth $1,918,000 after purchasing an additional 37,062 shares during the period. Finally, Baird Financial Group Inc. grew its stake in Nuveen S&P 500 Buy-Write Income Fund by 2.6% in the fourth quarter. Baird Financial Group Inc. now owns 30,257 shares of the financial services provider’s stock worth $423,000 after purchasing an additional 755 shares during the period.

About Nuveen S&P 500 Buy-Write Income Fund

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.