Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.32 and traded as low as $16.97. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.14, with a volume of 151,540 shares.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

The company’s 50 day moving average is $17.90 and its 200-day moving average is $17.32.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.3375 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.88%.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Prospera Financial Services Inc grew its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% in the 3rd quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock worth $266,000 after acquiring an additional 1,138 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 10.3% during the third quarter. Advisors Asset Management Inc. now owns 63,701 shares of the investment management company’s stock worth $1,069,000 after purchasing an additional 5,946 shares during the last quarter. Larson Financial Group LLC bought a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter worth about $30,000. Raymond James Financial Inc. purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the 4th quarter valued at about $5,932,000. Finally, Independent Advisor Alliance bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter worth approximately $315,000.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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