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

Nuveen Dow 30 Dynamic Overwrite Fund (NYSEARCA:DIAX) shares dropped 0.9% during mid-day trading on Thursday . The company traded as low as $15.22 and last traded at $15.31. Approximately 112,374 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 100,241 shares. The stock had previously closed at $15.45.

Nuveen Dow 30 Dynamic Overwrite Fund Trading Down 0.9%

The business has a fifty day moving average price of $15.30 and a two-hundred day moving average price of $14.87.

Nuveen Dow 30 Dynamic Overwrite Fund Dividend Announcement

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

Institutional Investors Weigh In On Nuveen Dow 30 Dynamic Overwrite Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DIAX. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Nuveen Dow 30 Dynamic Overwrite Fund during the 3rd quarter valued at $36,000. Advisory Services Network LLC acquired a new stake in Nuveen Dow 30 Dynamic Overwrite Fund during the third quarter valued at $42,000. Farther Finance Advisors LLC grew its stake in Nuveen Dow 30 Dynamic Overwrite Fund by 2,853.2% in the third quarter. Farther Finance Advisors LLC now owns 3,278 shares of the company’s stock valued at $49,000 after purchasing an additional 3,167 shares in the last quarter. Comerica Bank increased its position in Nuveen Dow 30 Dynamic Overwrite Fund by 23.3% in the 1st quarter. Comerica Bank now owns 5,973 shares of the company’s stock worth $87,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Blue Trust Inc. acquired a new position in Nuveen Dow 30 Dynamic Overwrite Fund in the 4th quarter worth about $107,000.

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.