Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.31 and traded as low as $16.09. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $16.24, with a volume of 55,951 shares traded.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Performance

The business has a 50 day moving average of $17.24 and a two-hundred day moving average of $17.30.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were given a dividend of $0.3375 per share. The ex-dividend date was Friday, March 14th. This represents a $1.35 dividend on an annualized basis and a yield of 8.56%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPXX. Cetera Investment Advisers boosted its holdings in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 25.4% in the 4th quarter. Cetera Investment Advisers now owns 20,637 shares of the investment management company’s stock valued at $366,000 after acquiring an additional 4,176 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in Nuveen S&P 500 Dynamic Overwrite Fund in the fourth quarter valued at $188,000. South Plains Financial Inc. acquired a new stake in Nuveen S&P 500 Dynamic Overwrite Fund during the 4th quarter worth about $44,000. Shaker Financial Services LLC raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.2% during the 4th quarter. Shaker Financial Services LLC now owns 245,444 shares of the investment management company’s stock valued at $4,357,000 after buying an additional 7,711 shares during the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 3.8% during the 4th quarter. Guggenheim Capital LLC now owns 298,075 shares of the investment management company’s stock valued at $5,291,000 after buying an additional 11,013 shares during the last quarter.

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.