Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $16.53 and traded as high as $16.79. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $16.66, with a volume of 53,092 shares trading hands.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.2 %

The company has a fifty day moving average of $16.53 and a 200-day moving average of $17.24.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were paid a $0.3375 dividend. This represents a $1.35 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend was Friday, March 14th.

Hedge Funds Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPXX. JPMorgan Chase & Co. increased its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 29,533.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,778 shares of the investment management company’s stock worth $32,000 after purchasing an additional 1,772 shares during the period. FNY Investment Advisers LLC purchased a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth approximately $33,000. South Plains Financial Inc. acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter worth approximately $44,000. Private Trust Co. NA purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the 1st quarter valued at approximately $55,000. Finally, Aptus Capital Advisors LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter worth $188,000.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.