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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.33 and traded as low as $16.85. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.01, with a volume of 44,352 shares traded.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Down 0.0 %

The business has a 50-day simple moving average of $17.82 and a two-hundred day simple moving average of $17.32.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.3375 per share. This represents a $1.35 annualized dividend and a yield of 7.96%. The ex-dividend date is Friday, March 14th.

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

Several large investors have recently modified their holdings of SPXX. Larson Financial Group LLC acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter valued at about $30,000. JPMorgan Chase & Co. grew its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 29,533.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,778 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,772 shares during the last quarter. South Plains Financial Inc. bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter worth approximately $44,000. Aptus Capital Advisors LLC bought a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter worth approximately $188,000. Finally, Prospera Financial Services Inc lifted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 7.7% during the 3rd quarter. Prospera Financial Services Inc now owns 15,850 shares of the investment management company’s stock worth $266,000 after purchasing an additional 1,138 shares during the last quarter.

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.