Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) to Issue Quarterly Dividend of $0.34 on April 1st

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) announced a quarterly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be paid a dividend of 0.3375 per share by the investment management company on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Friday, March 13th.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

Shares of SPXX traded up $0.04 during midday trading on Wednesday, hitting $17.29. 49,930 shares of the company’s stock traded hands, compared to its average volume of 55,011. Nuveen S&P 500 Dynamic Overwrite Fund has a 1 year low of $14.33 and a 1 year high of $18.41. The firm’s fifty day moving average is $17.89 and its 200-day moving average is $17.78.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC lifted its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 393.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,568 shares of the investment management company’s stock worth $28,000 after buying an additional 1,250 shares during the period. CIBC Private Wealth Group LLC acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at about $45,000. Kestra Advisory Services LLC acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at about $70,000. Envestnet Asset Management Inc. purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the third quarter worth about $175,000. Finally, Moors & Cabot Inc. purchased a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter worth about $183,000.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.