Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) Stock Price Down 0.9% – Time to Sell?

Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) shares dropped 0.9% during trading on Friday . The stock traded as low as $15.23 and last traded at $15.30. Approximately 199,540 shares were traded during mid-day trading, an increase of 76% from the average daily volume of 113,106 shares. The stock had previously closed at $15.44.

Nuveen Dow 30 Dynamic Overwrite Fund Trading Down 0.9%

The stock has a fifty day moving average of $15.47 and a two-hundred day moving average of $15.01.

Nuveen Dow 30 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.301 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.9%.

Institutional Trading of Nuveen Dow 30 Dynamic Overwrite Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its holdings in Nuveen Dow 30 Dynamic Overwrite Fund by 23.3% during the first quarter. Comerica Bank now owns 5,973 shares of the company’s stock worth $87,000 after buying an additional 1,128 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 16.0% during the 1st quarter. NewEdge Advisors LLC now owns 32,223 shares of the company’s stock worth $467,000 after acquiring an additional 4,436 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of Nuveen Dow 30 Dynamic Overwrite Fund by 11.8% in the 2nd quarter. Wolverine Asset Management LLC now owns 249,718 shares of the company’s stock worth $3,581,000 after acquiring an additional 26,345 shares during the period. Shaker Financial Services LLC increased its stake in Nuveen Dow 30 Dynamic Overwrite Fund by 70.1% in the 2nd quarter. Shaker Financial Services LLC now owns 459,536 shares of the company’s stock valued at $6,728,000 after purchasing an additional 189,389 shares in the last quarter. Finally, Allworth Financial LP purchased a new position in Nuveen Dow 30 Dynamic Overwrite Fund in the 2nd quarter valued at approximately $193,000.

About Nuveen Dow 30 Dynamic Overwrite Fund

Nuveen Dow 30 Dynamic Overwrite Fund is a closed-ended equity 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. It primarily invests in stocks of large cap companies. The fund also invests through call options. It seeks to replicate the performance of Dow Jones Industrial Average.