Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $18.90 and traded as high as $19.02. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $18.89, with a volume of 125,917 shares traded.

Nuveen S&P 500 Dynamic Overwrite Fund Trading Up 0.4%

The firm’s 50 day moving average is $18.89 and its 200 day moving average is $18.27.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 15th were given a $0.4215 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.69 annualized dividend and a yield of 9.0%.

Institutional Investors Weigh In On Nuveen S&P 500 Dynamic Overwrite Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Shaker Financial Services LLC lifted its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 3.5% in the 3rd quarter. Shaker Financial Services LLC now owns 266,301 shares of the investment management company’s stock worth $5,006,000 after acquiring an additional 8,973 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 6.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 31,940 shares of the investment management company’s stock worth $591,000 after acquiring an additional 1,929 shares during the period. Integrated Capital Management Inc. boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 62.7% during the 3rd quarter. Integrated Capital Management Inc. now owns 30,097 shares of the investment management company’s stock worth $556,000 after acquiring an additional 11,597 shares during the period. Farther Finance Advisors LLC boosted its position in Nuveen S&P 500 Dynamic Overwrite Fund by 113.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 22,467 shares of the investment management company’s stock worth $415,000 after acquiring an additional 11,943 shares during the period. Finally, Eastern Bank grew its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 32.2% during the 3rd quarter. Eastern Bank now owns 8,370 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 2,039 shares in the last quarter.

Nuveen S&P 500 Dynamic Overwrite Fund Company Profile

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

SPXX invests primarily in a portfolio of large-cap U.S. companies represented in the S&P 500 Index. To generate additional income and potentially manage portfolio risk, the fund uses a dynamic covered-call strategy, writing call options on some of its equity holdings or on related market indexes.

The fund provides investors with exposure to the U.S.