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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.53 and traded as high as $16.79. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $16.66, with a volume of 53,092 shares trading hands.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.2 %

The firm’s 50 day simple moving average is $16.53 and its 200-day simple moving average is $17.24.

Nuveen S&P 500 Dynamic Overwrite Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.3375 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.10%.

Institutional Trading of Nuveen S&P 500 Dynamic Overwrite Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. LPL Financial LLC grew its position in Nuveen S&P 500 Dynamic Overwrite Fund by 16.0% during the 1st quarter. LPL Financial LLC now owns 157,845 shares of the investment management company’s stock worth $2,668,000 after purchasing an additional 21,728 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 1,993.0% during the first quarter. IFP Advisors Inc now owns 20,930 shares of the investment management company’s stock worth $354,000 after buying an additional 19,930 shares during the last quarter. Fortem Financial Group LLC increased its position in Nuveen S&P 500 Dynamic Overwrite Fund by 43.5% in the 1st quarter. Fortem Financial Group LLC now owns 54,533 shares of the investment management company’s stock valued at $922,000 after acquiring an additional 16,529 shares during the period. Private Trust Co. NA purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter valued at approximately $55,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the 1st quarter worth approximately $230,000.

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.