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

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.61 and traded as low as $17.06. Nuveen S&P 500 Dynamic Overwrite Fund shares last traded at $17.15, with a volume of 39,008 shares changing hands.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Up 0.9%

The company has a fifty day moving average of $17.51 and a 200-day moving average of $17.62.

Nuveen S&P 500 Dynamic Overwrite Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 15th were given a dividend of $0.3375 per share. The ex-dividend date was Monday, September 15th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 7.9%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPXX. IFP Advisors Inc increased its position 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 purchasing an additional 19,930 shares in the last quarter. LPL Financial LLC boosted its holdings in Nuveen S&P 500 Dynamic Overwrite Fund by 16.0% during the first quarter. LPL Financial LLC now owns 157,845 shares of the investment management company’s stock worth $2,668,000 after buying an additional 21,728 shares in the last quarter. Raymond James Financial Inc. increased its stake in Nuveen S&P 500 Dynamic Overwrite Fund by 5.1% in the 1st quarter. Raymond James Financial Inc. now owns 351,169 shares of the investment management company’s stock valued at $5,935,000 after purchasing an additional 16,967 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund by 2.9% during the 1st quarter. Royal Bank of Canada now owns 68,088 shares of the investment management company’s stock worth $1,151,000 after buying an additional 1,910 shares during the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in shares of Nuveen S&P 500 Dynamic Overwrite Fund in the first quarter valued at about $1,437,000.

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.