Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Share Price Breaks Below 200-Day Moving Average – Here’s What Happened

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX – Get Free Report)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $18.10 and traded as low as $17.83. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.8590, with a volume of 353,893 shares traded.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

The company has a 50-day moving average price of $18.71 and a two-hundred day moving average price of $18.10.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 15th were issued a dividend of $0.4215 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.69 dividend on an annualized basis and a yield of 9.4%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. World Equity Group Inc. purchased a new position in Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at about $528,000. Aviance Capital Partners LLC lifted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 21.4% in the first quarter. Aviance Capital Partners LLC now owns 15,511 shares of the investment management company’s stock worth $249,000 after buying an additional 2,737 shares in the last quarter. GatePass Capital LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth about $845,000. Calamos Advisors LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth about $417,000. Finally, NWF Advisory Services Inc. purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter worth about $180,000.

About Nuveen S&P 500 Dynamic Overwrite Fund

(Get Free Report)

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end investment fund managed by Nuveen, the asset-management arm of TIAA. The fund seeks to provide total return through a combination of capital appreciation and current income.

The fund generally invests in a portfolio of common stocks included in, or representative of, the S&P 500 Index. To generate additional income and manage portfolio exposure, it uses a dynamic covered-call strategy, writing call options on some of the stocks in its portfolio or on the S&P 500 Index.

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