Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $17.35 and traded as low as $17.14. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.21, with a volume of 248,596 shares trading hands.

Nuveen S&P 500 Dynamic Overwrite Fund Price Performance

The firm has a 50-day moving average price of $17.80 and a two-hundred day moving average price of $17.35.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.3375 dividend. This represents a $1.35 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date is Friday, March 14th.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the 3rd quarter valued at approximately $30,000. JPMorgan Chase & Co. increased its position in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 29,533.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,778 shares of the investment management company’s stock valued at $32,000 after purchasing an additional 1,772 shares during the period. South Plains Financial Inc. acquired a new position in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at $44,000. Aptus Capital Advisors LLC bought a new position in Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter worth $188,000. Finally, Independent Advisor Alliance acquired a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the fourth quarter worth $315,000.

About Nuveen S&P 500 Dynamic Overwrite Fund

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.