Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) Share Price Passes Above 50 Day Moving Average After Insider Selling

Nuveen S&P 500 Buy-Write Income Fund (NYSE:BXMX) shares crossed above its 50 day moving average during trading on Friday following insider buying activity. The stock has a 50 day moving average of $14.01 and traded as high as $14.29. Nuveen S&P 500 Buy-Write Income Fund shares last traded at $14.09, with a volume of 132,665 shares traded.

Nuveen S&P 500 Buy-Write Income Fund Trading Down 0.9 %

The firm’s 50-day moving average is $14.01 and its two-hundred day moving average is $13.78.

Nuveen S&P 500 Buy-Write Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.2725 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 7.74%.

Institutional Investors Weigh In On Nuveen S&P 500 Buy-Write Income Fund

A number of institutional investors have recently bought and sold shares of BXMX. CWM LLC grew its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 581.3% in the 3rd quarter. CWM LLC now owns 6,663 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 5,685 shares during the period. Raymond James & Associates lifted its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 1.3% during the third quarter. Raymond James & Associates now owns 610,760 shares of the financial services provider’s stock valued at $8,380,000 after acquiring an additional 7,661 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Nuveen S&P 500 Buy-Write Income Fund by 110.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 675,344 shares of the financial services provider’s stock valued at $9,266,000 after purchasing an additional 354,431 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Nuveen S&P 500 Buy-Write Income Fund by 1,303.5% in the 3rd quarter. International Assets Investment Management LLC now owns 488,892 shares of the financial services provider’s stock worth $6,708,000 after purchasing an additional 454,058 shares during the last quarter. Finally, MONECO Advisors LLC increased its position in shares of Nuveen S&P 500 Buy-Write Income Fund by 2.6% during the 3rd quarter. MONECO Advisors LLC now owns 265,799 shares of the financial services provider’s stock worth $3,647,000 after purchasing an additional 6,848 shares in the last quarter.

Nuveen S&P 500 Buy-Write Income Fund Company Profile

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors.